Bismarck Figure Skating Club Inc

Analysis

Bismarck Figure Skating Club Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in February 1989, 37 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 May 2024, Bismarck Figure Skating Club Inc reported income of $899k and spending of $853k, spending 95% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $508k to $899k (+77%), an average of +15% a year. The sharpest change came in the year to May 2022, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bismarck Figure Skating Club Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within ND. Charities of a similar size with the same main cause include Hartford County 4-H Camp Inc ($899k), Camp Odayin ($899k) and Vegas Elite Basketball Club ($898k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 62% of the total. Other salaries and wages came to $164k. At year end it held assets of $317k against liabilities of $0, net assets of $317k. It reported 28 employees.