Talbot Figure Skating Club Inc

Analysis

Talbot Figure Skating Club Inc is a registered charity in United States, based in Stevensville, MD. It received its IRS tax-exemption ruling in October 2022, 4 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 2023, Talbot Figure Skating Club Inc reported income of $70k and spending of $71k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $70k (+257%), an average of +257% a year. The sharpest change came in the year to December 2023, when income rose by 257%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Talbot Figure Skating Club Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within MD. Charities of a similar size with the same main cause include Liberty Lacrosse Club ($70k), One Shining Moment Foundation Inc ($70k) and Eastern Iowa Horse and Pony Camp ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 54% of the total. At year end it held assets of $17k against liabilities of $690, net assets of $17k.