Eden Prairie Figure Skating Club

Analysis

Eden Prairie Figure Skating Club is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in May 2000, 26 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 August 2024, Eden Prairie Figure Skating Club reported income of $144k and spending of $166k, spending 116% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $183k to $144k (-21%), an average of -4.7% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Eden Prairie Figure Skating Club 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 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Bulldog Water Polo Club Incorporated ($144k), West Texas Track Club ($144k) and Avon Park Baseball Inc ($144k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 6.8% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $4,388 (2.6% of expenses). At year end it held assets of $64k against liabilities of $0, net assets of $64k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.