Carolinas Figure Skating Club Inc

Analysis

Carolinas Figure Skating Club Inc is a registered charity in United States, based in Indian Trail, NC. It received its IRS tax-exemption ruling in October 1998, 28 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 2024, Carolinas Figure Skating Club Inc reported income of $89k and spending of $92k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $121k to $89k (-26%), an average of -26% a year. The sharpest change came in the year to June 2024, when income dropped by 26%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carolinas Figure Skating Club Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Crater Lake National Park Trust ($89k), Fit Youth Inc ($89k) and Little League Baseball Inc ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.9% and program service revenue 75% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.