Community Skating Inc

Analysis

Community Skating Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in March 1987, 39 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 April 2024, Community Skating Inc reported income of $2.0m and spending of $2.2m, spending 105% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income grew from $1.6m to $2.0m (+28%), an average of +5.1% a year. The sharpest change came in the year to April 2022, when income rose by 86%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Community Skating Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Prospect Meadows Inc ($2.0m), Downs & Martin Childrens Services ($2.0m) and Las Vegas Sports Initiative ($2.0m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $215k (10.0% of expenses). Other salaries and wages came to $672k. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.