Wagon Wheel Figure Skating Club Inc

Analysis

Wagon Wheel Figure Skating Club Inc is a registered charity in United States, based in Crystal Lake, IL. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Wagon Wheel Figure Skating Club Inc reported income of $150k and spending of $132k, spending 88% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $74k to $150k (+103%), an average of +103% a year. The sharpest change came in the year to July 2023, when income rose by 103%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wagon Wheel Figure Skating Club Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Madison County Fair Association Inc ($150k), Amelia Island Youth Soccer Incorporated ($150k) and Republic Athletics Booster Club ($150k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 5.3% and program service revenue 73% of the total. At year end it held assets of $158k against liabilities of $368, net assets of $158k.