Central Iowa Figure Skating Club

Analysis

Central Iowa Figure Skating Club is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in January 2013, 13 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 December 2023, Central Iowa Figure Skating Club reported income of $71k and spending of $68k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $78k to $71k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Iowa Figure Skating Club sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within IA. Charities of a similar size with the same main cause include Wybc Inc ($71k), Hart Area Recreation ($71k) and SL Touchdown Club Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1,840 (2.7% of expenses). At year end it held assets of $123k against liabilities of $217, net assets of $123k.