Southern Valley Figure Skating Club Inc

Analysis

Southern Valley Figure Skating Club Inc is a registered charity in United States, based in Wahpeton, ND. It received its IRS tax-exemption ruling in June 2024, 2 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, Southern Valley Figure Skating Club Inc reported income of $242k and spending of $150k, leaving 38% of income unspent that year. Across the 2 years on record, from June 2021 to June 2024, income grew from $130k to $242k (+85%), an average of +85% a year. The sharpest change came in the year to June 2024, when income rose by 85%. Over the whole period it spent 45% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southern Valley Figure Skating Club Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 52nd percentile within ND. Charities of a similar size with the same main cause include American Hockey Coaches Association ($241k), Ssi Athletic Association Inc ($242k) and Project Baseball Az ($241k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 13% of the total. At year end it held assets of $548k against liabilities of $0, net assets of $548k.