Albert Lea Figure Skating Club

Analysis

Albert Lea Figure Skating Club is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in August 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Albert Lea Figure Skating Club reported income of $57k and spending of $49k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $70k to $57k (-19%), an average of -19% a year. The sharpest change came in the year to June 2024, when income dropped by 19%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Albert Lea Figure Skating Club sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Dixon Dolphins Swim Team ($57k), Thief River Falls Backcourt Club ($57k) and Newark Yoga Movement Inc ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 8.4% and program service revenue 88% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.