Central Carolina Skating Club

Analysis

Central Carolina Skating Club is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in May 2003, 23 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, Central Carolina Skating Club reported income of $53k and spending of $47k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $39k to $53k (+36%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Carolina Skating Club sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Pittsburgh College Hockey Foundation Inc ($53k), Thomas C Konchalski Foundation Inc ($53k) and Flat Rock Ram Boosters ($53k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 75% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.