Chesapeake Synchronized Skating Inc

Analysis

Chesapeake Synchronized Skating Inc is a registered charity in United States, based in Luthvle Timon, MD. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chesapeake Synchronized Skating Inc reported income of $106k and spending of $82k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $106k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chesapeake Synchronized Skating Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($106k), Minneapolis City of Lakes Rotary Foundation ($106k) and Make Peace with Animals Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.