Fergus Falls Figure Skating Club

Analysis

Fergus Falls Figure Skating Club is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in October 1994, 32 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 April 2024, Fergus Falls Figure Skating Club reported income of $150k and spending of $177k, spending 118% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income fell from $153k to $150k (-1.9%), an average of -1.9% a year. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fergus Falls Figure Skating Club sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Union Raider Youth Football ($150k), Britt Country Club ($150k) and Twinsburg Baseball League Inc ($150k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 4.9% and program service revenue 77% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.