Escanaba Area Figure Skating Club Inc

Analysis

Escanaba Area Figure Skating Club Inc is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in November 2023, 3 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 2024, Escanaba Area Figure Skating Club Inc reported income of $101k and spending of $91k, spending 90% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $71k to $101k (+42%), an average of +9.2% a year. The sharpest change came in the year to July 2023, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Escanaba Area Figure Skating Club Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Hampton Roads Lacrosse League Inc ($101k), One Stop Richmond Hill Community Center Inc ($101k) and Orange County Community Youth Soccer League ($101k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 33% and program service revenue 49% of the total. At year end it held assets of $55k against liabilities of $1,889, net assets of $53k.