Northernettes Synchronized Skating

Analysis

Northernettes Synchronized Skating is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2019, 7 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, Northernettes Synchronized Skating reported income of $705k and spending of $743k, spending 105% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income grew from $272k to $705k (+159%), an average of +21% a year. The sharpest change came in the year to April 2022, when income rose by 98%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northernettes Synchronized Skating sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include California Cricket Academy ($705k), Atlanta Junior Rowing Association ($705k) and Charlotte Swim Association Inc ($704k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 5.2% and program service revenue 92% of the total. Other salaries and wages came to $66k. At year end it held assets of $14k against liabilities of $137k, net assets of -$123k. It reported 1 employees.