The Peninsula Figure Skating Club Inc

Analysis

The Peninsula Figure Skating Club Inc is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in December 1993, 33 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 June 2024, The Peninsula Figure Skating Club Inc reported income of $361k and spending of $78k, leaving 78% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $131k to $361k (+175%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 542%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Peninsula Figure Skating Club Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within NV. Charities of a similar size with the same main cause include Catholic Biblical School of Michigan Ltd ($361k), Lancaster Day Care Center Inc ($361k) and Queens Power Inc ($361k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 9.4% of the total. At year end it held assets of $1.0m against liabilities of $22k, net assets of $1.0m.