Washington Figure Skating Club Inc

Analysis

Washington Figure Skating Club Inc is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in September 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, Washington Figure Skating Club Inc reported income of $329k and spending of $397k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $265k to $329k (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 355%. Over the whole period it spent 62% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Washington Figure Skating Club 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 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Amateur Athletic Union of the United States Inc ($329k), River Valley Baseball for Youths ($329k) and West Bend Baseball Assoc ($329k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.