Figure Skating Club of Bloomington

Analysis

Figure Skating Club of Bloomington is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in February 2009, 17 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 May 2024, Figure Skating Club of Bloomington reported income of $140k and spending of $122k, spending 87% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $130k to $140k (+7.8%), an average of +7.8% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Figure Skating Club of Bloomington sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Nacogdoches Boys Youth Baseball ($140k), Heart of Illinois ($140k) and Limeport Stadium Inc ($140k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 71% of the total. At year end it held assets of $98k against liabilities of $272, net assets of $97k.