The Skating Club of Wilmington Inc

Analysis

The Skating Club of Wilmington Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 1998, 28 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 August 2023, The Skating Club of Wilmington Inc reported income of $991k and spending of $932k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $785k to $991k (+26%), an average of +6.0% a year. The sharpest change came in the year to August 2022, when income rose by 91%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Skating Club of Wilmington Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within DE. Charities of a similar size with the same main cause include Reading Ice Arena Authority Inc ($990k), Unlimited Potential Inc ($992k) and Camp Allen Inc ($990k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.6% and program service revenue 91% of the total. Other salaries and wages came to $329k. At year end it held assets of $1.3m against liabilities of $333k, net assets of $1.0m. It reported 17 employees.