Diamond Edge Figure Skating Club

Analysis

Diamond Edge Figure Skating Club is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in August 2003, 23 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 April 2024, Diamond Edge Figure Skating Club reported income of $88k and spending of $80k, spending 91% of its income. Across the 3 years on record, from April 2022 to April 2024, income grew from $58k to $88k (+50%), an average of +23% a year. The sharpest change came in the year to April 2023, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Diamond Edge Figure Skating Club sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Vision Puerto Rico ($88k), Reyes Baseball Academy ($88k) and First State BMX Inc ($88k).

On its Form 990-EZ for the period ending April 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.