Northern Lights Figure Skating Club Inc

Analysis

Northern Lights Figure Skating Club Inc is a registered charity in United States, based in E Grand Forks, MN. It received its IRS tax-exemption ruling in November 1995, 31 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 June 2023, Northern Lights Figure Skating Club Inc reported income of $191k and spending of $167k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $144k to $191k (+32%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northern Lights Figure Skating Club Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Friends of Rutherford Pool ($191k), Fab44 Basketball ($191k) and Middle Country Childrens Soccer Inc ($191k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $599 (0.4% of expenses). Other salaries and wages came to $25k. At year end it held assets of $111k against liabilities of $0, net assets of $111k.