St Paul Figure Skating Club Inc

Analysis

St Paul Figure Skating Club Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 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 September 2023, St Paul Figure Skating Club Inc reported income of $508k and spending of $458k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $594k to $508k (-15%), an average of -3.9% a year. The sharpest change came in the year to September 2022, when income rose by 42%. 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, St Paul Figure Skating Club Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Legacy Baseball ($507k), Iowa SCTP ($508k) and Little League Baseball Inc ($507k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $26k (5.6% of expenses). At year end it held assets of $399k against liabilities of $82k, net assets of $318k.