Figure Skating Club of Minneapolis

Analysis

Figure Skating Club of Minneapolis is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1985, 41 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, Figure Skating Club of Minneapolis reported income of $127k and spending of $142k, spending 112% of what it took in. Across the 4 years on record, from May 2019 to May 2023, income fell from $209k to $127k (-39%), an average of -15% a year. The sharpest change came in the year to May 2020, when income dropped by 20%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Figure Skating Club of Minneapolis sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Roosevelt High School Golden Grads Association ($127k), Love Inc of Kootenai County ($127k) and Midland Community Former Offender Advocacy and Rehabilitation ($127k).

On its Form 990-EZ for the period ending May 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $22k against liabilities of $7,718, net assets of $15k.