New Ulm Figure Skating Club

Analysis

New Ulm Figure Skating Club is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in April 1992, 34 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 December 2023, New Ulm Figure Skating Club reported income of $157k and spending of $117k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $157k (+10%), an average of +10% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Ulm Figure Skating Club sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Operation Blessing People That Care ($157k), Delaware Crime Stoppers Inc ($157k) and Beaverton Rotary Foundation Inc ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 70% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.