Bemidji Figure Skating Club

Analysis

Bemidji Figure Skating Club is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in April 1984, 42 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 September 2023, Bemidji Figure Skating Club reported income of $75k and spending of $105k, spending 140% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $123k to $75k (-39%), an average of -39% a year. The sharpest change came in the year to September 2023, when income dropped by 39%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bemidji Figure Skating Club sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Granite State Senior Games Inc ($75k), PTA Florida Congress ($75k) and Okemos Education Foundation ($75k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 108% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.