Tidewater Figure Skating Club

Analysis

Tidewater Figure Skating Club is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, Tidewater Figure Skating Club reported income of $983k and spending of $980k, spending 100% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $274k to $983k (+259%), an average of +89% a year. The sharpest change came in the year to June 2023, when income rose by 133%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Tidewater Figure Skating Club sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Regional Public Transportation Inc Phil Tayon ($983k), Camp Loughridge an Oklahoma Not for Profit Corporation ($984k) and Grayson County Childrens Advocacy Center ($983k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $107k against liabilities of $22k, net assets of $85k.