Onyx Infinity Synchronized Skating

Analysis

Onyx Infinity Synchronized Skating is a registered charity in United States, based in Clinton TWP, MI. It received its IRS tax-exemption ruling in May 2020, 6 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 March 2024, Onyx Infinity Synchronized Skating reported income of $247k and spending of $246k, spending 100% of its income. Across the 4 years on record, from December 2018 to March 2024, income grew from $48k to $247k (+413%), an average of +72% a year. The sharpest change came in the year to March 2023, when income rose by 260%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Onyx Infinity Synchronized Skating 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 57th percentile within MI. Charities of a similar size with the same main cause include Main Jr Black Bears ($247k), Discny Incorporated ($247k) and Pewaukee Youth Baseball Inc ($247k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $38k. At year end it held assets of $21k against liabilities of $0, net assets of $21k.