Team Ashburn Synchronized Skating Inc

Analysis

Team Ashburn Synchronized Skating Inc is a registered charity in United States, based in Ashburn, VA. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Team Ashburn Synchronized Skating Inc reported income of $335k and spending of $346k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $339k to $335k (-1.3%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Ashburn Synchronized Skating Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Sun Prairie Youth Baseball and Softball ($335k), Hempfield Youth Association ($335k) and Newburgh Junior Baseball Inc ($335k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $55k (16% of expenses). At year end it held assets of $139k against liabilities of $0, net assets of $139k.