Greater Grand Rapids Figure Skating Club

Analysis

Greater Grand Rapids Figure Skating Club is a registered charity in United States, based in Ada, MI. It received its IRS tax-exemption ruling in March 2000, 26 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 August 2023, Greater Grand Rapids Figure Skating Club reported income of $186k and spending of $169k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $146k to $186k (+27%), an average of +6.2% a year. The sharpest change came in the year to August 2022, when income rose by 80%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Grand Rapids Figure Skating Club sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include Stars Baseball ($186k), Mt Snow Ski Club ($186k) and Two Harbors Youth Hockey Association Inc ($186k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.