United States Figure Skating Association

Analysis

United States Figure Skating Association is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United States Figure Skating Association reported income of $27.0m and spending of $30.5m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.3m to $27.0m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United States Figure Skating Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Barc Developmental Services Incorporated ($27.0m), Roman Eagle Rehabilitation and Health Care Center Inc ($27.0m) and Portledge School ($26.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $502k (1.6% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $14.0m against liabilities of $7.7m, net assets of $6.3m. It reported 93 employees.