Woodbury Figure Skating Club

Analysis

Woodbury Figure Skating Club is a registered charity in United States, based in Woodbury, MN. It received its IRS tax-exemption ruling in March 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 June 2023, Woodbury Figure Skating Club reported income of $159k and spending of $166k, spending 104% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $109k to $159k (+46%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Woodbury Figure Skating Club sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Road Runners Club of America ($159k), N P United ($159k) and Preps Fastpitch Inc ($159k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 83% of the total. At year end it held assets of $134k against liabilities of $0, net assets of $134k.