The United States Figure Skating Foundation

Analysis

The United States Figure Skating Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The United States Figure Skating Foundation reported income of $4.5m and spending of $4.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $4.5m (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2020, when income rose by 72%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The United States Figure Skating Foundation 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 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Friends of the Warner Parks Inc ($4.5m), Bay Area Scores ($4.5m) and Almaden Valley Soccer Club Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $98.1m against liabilities of $1,500, net assets of $98.1m.