Three Rivers Figure Skating Club

Analysis

Three Rivers Figure Skating Club is a registered charity in United States, based in Brooklyn Park, MN. It received its IRS tax-exemption ruling in May 2004, 22 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, Three Rivers Figure Skating Club reported income of $188k and spending of $176k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $139k to $188k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Three Rivers Figure Skating Club sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Simi Valley Girls Softball ($188k), United Skates Synchronized Team Association Inc ($188k) and Little League Baseball Inc ($188k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 95% of the total. At year end it held assets of $143k against liabilities of $243, net assets of $143k.