Mankato Figure Skating Club

Analysis

Mankato Figure Skating Club is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in February 1988, 38 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 2024, Mankato Figure Skating Club reported income of $131k and spending of $99k, leaving 24% of income unspent that year. Across the 3 years on record, from August 2022 to August 2024, income grew from $60k to $131k (+119%), an average of +48% a year. The sharpest change came in the year to August 2023, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mankato Figure Skating Club sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Mifal Hatruma ($131k), James Branch Cabell Library Associates ($131k) and Legacy of Hope Foundation ($131k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 17% and program service revenue 74% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.