Synchro Stars Synchronized Skating

Analysis

Synchro Stars Synchronized Skating is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in September 2017, 9 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, Synchro Stars Synchronized Skating reported income of $71k and spending of $68k, spending 96% of its income. Across the 3 years on record, from May 2022 to May 2024, income fell from $94k to $71k (-24%), an average of -13% a year. The sharpest change came in the year to May 2023, when income dropped by 22%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Synchro Stars Synchronized Skating 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 30th percentile within NH. Charities of a similar size with the same main cause include Yesha Ministries Inc ($71k), Lemont Baseball and Softball Club ($71k) and Lewistown Soccer Club ($71k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 0.7% of the total. At year end it held assets of $18k against liabilities of $15k, net assets of $2,823.