Utah Figure Skating Club Inc

Analysis

Utah Figure Skating Club Inc is a registered charity in United States, based in Bountiful, UT. It received its IRS tax-exemption ruling in October 1985, 41 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 June 2023, Utah Figure Skating Club Inc reported income of $113k and spending of $14k, leaving 87% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $43k to $113k (+164%), an average of +63% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 31% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Utah Figure Skating Club Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within UT. Charities of a similar size with the same main cause include Matbo ($112k), Wright County Wave Swim Club ($113k) and Fort Wayne Fusion FC ($112k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.