Dearborn Figure Skating Association Inc

Analysis

Dearborn Figure Skating Association Inc is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in August 1996, 30 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, Dearborn Figure Skating Association Inc reported income of $761k and spending of $750k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $789k to $761k (-3.6%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Dearborn Figure Skating Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Table Mountain Soccer Association Inc ($761k), Polaris Soccer Club Inc ($762k) and South FL Football Academy Inc ($760k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $178k against liabilities of $0, net assets of $178k.