Ames Figure Skating Club

Analysis

Ames Figure Skating Club is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in August 2001, 25 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, Ames Figure Skating Club reported income of $143k and spending of $126k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $155k to $143k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ames Figure Skating Club sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IA. Charities of a similar size with the same main cause include Staples Diamond Club Inc ($143k), Roseau Youth Hockey Association Inc ($143k) and United States Bowling Congress Inc ($143k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.