Lansing Skating Club

Analysis

Lansing Skating Club is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in June 2002, 24 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 April 2023, Lansing Skating Club reported income of $86k and spending of $72k, spending 85% of its income. Across the 2 years on record, from April 2022 to April 2023, income grew from $62k to $86k (+38%), an average of +38% a year. The sharpest change came in the year to April 2023, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lansing Skating Club sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Ken Lantzy Finest 40 All-Stars ($86k), Combined Locks Advancement Association ($86k) and Nevada City Little League ($86k).

On its Form 990-EZ for the period ending April 2023, revenue came from contributions and grants 2.1% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.