Chaska Figure Skating Club

Analysis

Chaska Figure Skating Club is a registered charity in United States, based in Chaska, MN. It received its IRS tax-exemption ruling in August 2016, 10 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 May 2024, Chaska Figure Skating Club reported income of $181k and spending of $162k, spending 90% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $179k to $181k (+0.8%), an average of +0.8% a year. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chaska Figure Skating Club sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Norwalk Lacrosse Association Inc ($180k), Az Officiating Association ($181k) and Halifax Rowing Association Inc ($180k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 7.3% and program service revenue 83% of the total. At year end it held assets of $140k against liabilities of $614, net assets of $140k.