Fort Collins Figure Skating Club

Analysis

Fort Collins Figure Skating Club is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in March 2011, 15 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 2022, Fort Collins Figure Skating Club reported income of $211k and spending of $220k, spending 104% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $396k to $211k (-47%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fort Collins Figure Skating Club sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within CO. Charities of a similar size with the same main cause include The Skating Club of Northern Virginia ($211k), Soccer Assist ($211k) and Spiketown Inc ($211k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 80% of the total. At year end it held assets of $264k against liabilities of $24k, net assets of $239k.