Louisville Skating Academy Inc

Analysis

Louisville Skating Academy Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 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 March 2024, Louisville Skating Academy Inc reported income of $518k and spending of $496k, spending 96% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $518k to $518k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to March 2022, when income rose by 51%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Louisville Skating Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Alachua County Youth Fair and Livestock Show Association Inc ($518k), Canton Youth Hockey Association Inc ($518k) and Friends of Casa Feliz Inc ($518k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 4.5% and program service revenue 94% of the total. Other salaries and wages came to $38k. At year end it held assets of $205k against liabilities of $0, net assets of $205k. It reported 3 employees.