Maryland Figure Skating Inc

Analysis

Maryland Figure Skating Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, Maryland Figure Skating Inc reported income of $223k and spending of $181k, spending 81% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $113k to $223k (+98%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Maryland Figure Skating Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include Aptos Cabrillo Swim Club ($223k), JB Yeager Baseball Inc ($223k) and Greater Buffalo Adaptive Sports Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.