Duluth Figure Skating Club Inc

Analysis

Duluth Figure Skating Club Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in May 1985, 41 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 March 2024, Duluth Figure Skating Club Inc reported income of $514k and spending of $445k, spending 87% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $312k to $514k (+65%), an average of +13% a year. The sharpest change came in the year to March 2022, when income rose by 77%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Duluth Figure Skating Club Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Persian Community Center Inc ($514k), Camp Wightman Camping & Conference Center ($515k) and Monroe County Youth Hockey League Inc ($514k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 2.9% and program service revenue 93% of the total. At year end it held assets of $330k against liabilities of $6,761, net assets of $323k.