U S Speedskating

Analysis

U S Speedskating is a registered charity in United States, based in Kearns, UT. It received its IRS tax-exemption ruling in September 1966, 60 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 May 2024, U S Speedskating reported income of $4.7m and spending of $4.7m, spending 99% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $5.0m to $4.7m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to May 2022, when income rose by 30%. 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, U S Speedskating sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within UT. Charities of a similar size with the same main cause include Incarnation Center Incorporated ($4.7m), Mission Viejo Nadadores Foundation ($4.7m) and The Notah Begay III Foundation Inc ($4.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $351k (7.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.5m against liabilities of $1.9m, net assets of $567k. It reported 23 employees.