Valley City Hockey and Figure Skating Club

Analysis

Valley City Hockey and Figure Skating Club is a registered charity in United States, based in Valley City, ND. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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 April 2024, Valley City Hockey and Figure Skating Club reported income of $282k and spending of $169k, leaving 40% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $143k to $282k (+98%), an average of +98% a year. The sharpest change came in the year to April 2024, when income rose by 98%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley City Hockey and Figure Skating Club sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within ND. Charities of a similar size with the same main cause include New York Asian Americans United Inc ($282k), Homes on Wheels Alliance Inc ($282k) and Meadowview Christian Academy ($282k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.4% and program service revenue 27% of the total. At year end it held assets of $404k against liabilities of $61k, net assets of $343k.