Cottonwood Heights Figure Skating Club

Analysis

Cottonwood Heights Figure Skating Club is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in July 1997, 29 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 June 2024, Cottonwood Heights Figure Skating Club reported income of $116k and spending of $114k, spending 98% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $91k to $116k (+28%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cottonwood Heights Figure Skating Club sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within UT. Charities of a similar size with the same main cause include Plano Civic Chorus ($116k), Women in Construction Operations ($116k) and Asheville Chamber Music Inc ($116k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 59% of the total. At year end it held assets of $96k against liabilities of $4,638, net assets of $92k.