Denver Figure Skating Club

Analysis

Denver Figure Skating Club is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 May 2023, Denver Figure Skating Club reported income of $905k and spending of $853k, spending 94% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $573k to $905k (+58%), an average of +16% a year. The sharpest change came in the year to May 2022, when income rose by 174%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Denver Figure Skating Club sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Mary Immaculate Preschool ($905k), Russell Westbrook Why Not Foundation Inc ($905k) and Soccer Education Foundation Inc ($905k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. Other salaries and wages came to $112k. At year end it held assets of $352k against liabilities of $7,606, net assets of $345k.