Rochester Figure Skating Club Incorporated

Analysis

Rochester Figure Skating Club Incorporated is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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, Rochester Figure Skating Club Incorporated reported income of $899k and spending of $855k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $882k to $899k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to August 2022, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rochester Figure Skating Club Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Institute for Public Affairs ($899k), Olivia Ambulance Service Inc ($899k) and United Gospel Rescue Mission Inc ($899k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $54k (6.4% of expenses). Other salaries and wages came to $300k. At year end it held assets of $701k against liabilities of $69k, net assets of $632k. It reported 18 employees.