Austin Figure Skating Club

Analysis

Austin Figure Skating Club is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in July 2009, 17 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, Austin Figure Skating Club reported income of $192k and spending of $262k, spending 137% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $416k to $192k (-54%), an average of -54% a year. The sharpest change came in the year to June 2024, when income dropped by 54%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Austin Figure Skating Club sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Huntington Beach High School Band Boosters ($192k), West Wilson Basketball Association ($192k) and Exeter Junior Baseball and Softball League Inc ($192k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $266k against liabilities of $0, net assets of $266k.