Birmingham Figure Skating Club Inc

Analysis

Birmingham Figure Skating Club Inc is a registered charity in United States, based in Pelham, AL. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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 May 2023, Birmingham Figure Skating Club Inc reported income of $83k and spending of $91k, spending 110% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $165k to $83k (-50%), an average of -16% a year. The sharpest change came in the year to May 2022, when income rose by 253%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Birmingham Figure Skating Club Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within AL. Charities of a similar size with the same main cause include Knoxville Kiwanis Youth Foundation Inc ($83k), Swimarin ($83k) and Loving Care Academy & Learning Center Inc ($83k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.