Columbia Figure Skating Club Inc

Analysis

Columbia Figure Skating Club Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in May 2018, 8 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, Columbia Figure Skating Club Inc reported income of $416k and spending of $401k, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $298k to $416k (+40%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Columbia Figure Skating Club Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Makos Academics Arts & Athletics Club ($416k), Cypress Youth Baseball Inc ($416k) and West Michigan Hockey Youth Foundation Inc ($416k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 45% of the total. At year end it held assets of $136k against liabilities of $9,454, net assets of $126k.