Onyx Skating Academy

Analysis

Onyx Skating Academy is a registered charity in United States, based in Rochester HLS, MI. It received its IRS tax-exemption ruling in October 2008, 18 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 2024, Onyx Skating Academy reported income of $136k and spending of $132k, spending 97% of its income. Across the 4 years on record, from June 2019 to June 2024, income fell from $233k to $136k (-42%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. 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, Onyx Skating Academy sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within MI. Charities of a similar size with the same main cause include Crescent Sailing Association Inc ($136k), Morgan County Junior Golf Association ($136k) and Triangle Lightning ($136k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $171k against liabilities of $14k, net assets of $157k.