Sheridan on Skates

Analysis

Sheridan on Skates is a registered charity in United States, based in Sheridan, WY. It received its IRS tax-exemption ruling in October 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Sheridan on Skates reported income of $633k and spending of $545k, spending 86% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $579k to $633k (+9.4%), an average of +4.6% a year. 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, Sheridan on Skates sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within WY. Charities of a similar size with the same main cause include Aogc All Olympia Gymnastic Center Inc ($633k), Lamar Athletic Booster Club ($634k) and KC Blaze Inc ($633k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 17% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $30k (5.5% of expenses). Other salaries and wages came to $100k. At year end it held assets of $9.5m against liabilities of $11k, net assets of $9.4m.