Midway Speedskating Club Inc

Analysis

Midway Speedskating Club Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 1998, 28 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 May 2023, Midway Speedskating Club Inc reported income of $255k and spending of $259k, spending 101% of its income. Across the 6 years on record, from March 2019 to May 2023, income fell from $606k to $255k (-58%), an average of -16% a year. The sharpest change came in the year to May 2023, when income rose by 608%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midway Speedskating Club Inc 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 59th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Autism Society of Colorado ($255k), Clark Soccer Club Inc ($256k) and Auxiliary of City Hospital at Elmhurst ($255k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% of the total. Other salaries and wages came to $17k. At year end it held assets of $2.4m against liabilities of $273k, net assets of $2.1m. It reported 21 employees.