Burnsville-Minnesota Valley Figure Skating Club

Analysis

Burnsville-Minnesota Valley Figure Skating Club is a registered charity in United States, based in Burnsville, MN. It received its IRS tax-exemption ruling in June 1983, 43 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, Burnsville-Minnesota Valley Figure Skating Club reported income of $215k and spending of $220k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $265k to $215k (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Burnsville-Minnesota Valley Figure Skating Club sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Winchester Bambino League Inc ($215k), Sno-Eagles Inc ($215k) and Treasure Coast Athletic Association ($215k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.0% and program service revenue 92% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.