Texas Gulf Coast Figure Skating Club

Analysis

Texas Gulf Coast Figure Skating Club is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in May 2018, 8 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 September 2023, Texas Gulf Coast Figure Skating Club reported income of $75k and spending of $43k, leaving 43% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $67k to $75k (+11%), an average of +11% a year. Over the whole period it spent 56% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Texas Gulf Coast Figure Skating Club sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Quantico Orienteering Club Inc ($75k), Morgan County Fall Foliage Festival Inc ($75k) and Zwolle Loggers & Forestry Festival Inc ($75k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 8.0% and program service revenue 16% of the total. At year end it held assets of $108k against liabilities of $4,822, net assets of $103k.