Alchemy Indoor Skate Park & Education Center

Analysis

Alchemy Indoor Skate Park & Education Center is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 2014, 12 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 June 2024, Alchemy Indoor Skate Park & Education Center reported income of $273k and spending of $265k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $155k to $273k (+77%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Alchemy Indoor Skate Park & Education Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Hendricks Community Soccer Inc ($273k), MTFC Goodlettsville Soccer Inc ($273k) and Essex Amateur Hockey Association Inc ($273k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 25% of the total. Other salaries and wages came to $147k. At year end it held assets of $100k against liabilities of $7,936, net assets of $92k. It reported 6 employees.