Southwest Michigan Skating Club

Analysis

Southwest Michigan Skating Club is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in January 1990, 36 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 June 2023, Southwest Michigan Skating Club reported income of $654k and spending of $673k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $435k to $654k (+50%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 370%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southwest Michigan Skating Club sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Syracuse Youth Golf Inc ($653k), Camp Mount Luther Corporation ($654k) and Hoosier Wrestling Inc ($653k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 94% of the total. At year end it held assets of $558k against liabilities of $55k, net assets of $503k.