Elk River Figure Skating Club

Analysis

Elk River Figure Skating Club is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in August 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 May 2024, Elk River Figure Skating Club reported income of $109k and spending of $105k, spending 96% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $101k to $109k (+7.7%), an average of +7.7% a year. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elk River Figure Skating Club sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Ignite Homeschool Sports Inc ($109k), Front Royal Cardinal Baseball ($109k) and Brookfield Fastpitch Stars Girls Softball Club ($109k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 1.9% and program service revenue 86% of the total. At year end it held assets of $94k against liabilities of $9,324, net assets of $85k.