Binghamton Figure Skating Club

Analysis

Binghamton Figure Skating Club is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in September 2009, 17 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, Binghamton Figure Skating Club reported income of $77k and spending of $77k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $67k to $77k (+15%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 15%. 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, Binghamton Figure Skating Club sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Concord Bocce Federation ($77k), Little All-American Football Association ($77k) and Wells Football Foundation ($77k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.