Brookings Ice Skating Association Inc

Analysis

Brookings Ice Skating Association Inc is a registered charity in United States, based in Brookings, SD. It received its IRS tax-exemption ruling in January 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Brookings Ice Skating Association Inc reported income of $714k and spending of $570k, leaving 20% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $347k to $714k (+106%), an average of +27% a year. The sharpest change came in the year to April 2022, when income rose by 383%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brookings Ice Skating Association Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within SD. Charities of a similar size with the same main cause include Irvington Counseling Center Inc ($714k), The Youth Science Institute ($714k) and New Life Ministries of New England Inc ($714k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 13% and program service revenue 36% of the total. Other salaries and wages came to $139k. At year end it held assets of $2.3m against liabilities of $538k, net assets of $1.7m. It reported 26 employees.