Hutchinson Figure Skating Association

Analysis

Hutchinson Figure Skating Association is a registered charity in United States, based in Hutchinson, MN. It received its IRS tax-exemption ruling in January 2001, 25 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 February 2024, Hutchinson Figure Skating Association reported income of $84k and spending of $74k, spending 88% of its income. Across the 2 years on record, from February 2023 to February 2024, income grew from $69k to $84k (+23%), an average of +22% a year. The sharpest change came in the year to February 2024, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hutchinson Figure Skating Association sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include Worksite Wellness Council of Massachusetts Inc ($84k), Pulls for a Cause Inc ($84k) and Livingston Jr Lancers Football Program of New Jersey Inc ($84k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 0.4% and program service revenue 83% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.