Carousel Figure Skating Club

Analysis

Carousel Figure Skating Club is a registered charity in United States, based in Sherwood, OR. It received its IRS tax-exemption ruling in May 2005, 21 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 2024, Carousel Figure Skating Club reported income of $75k and spending of $68k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $101k to $75k (-26%), an average of -26% a year. The sharpest change came in the year to June 2024, when income dropped by 26%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carousel Figure Skating Club sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within OR. Charities of a similar size with the same main cause include Okawville Community Club Inc ($75k), East Bay Bristol County Lacrosse Association ($75k) and Freelake Youth Softball Association Inc ($75k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 52% of the total. At year end it held assets of $57k against liabilities of $1,722, net assets of $55k.