Washington Ice Skating Association

Analysis

Washington Ice Skating Association is a registered charity in United States, based in Mountlake Ter, WA. It received its IRS tax-exemption ruling in March 1990, 36 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 December 2023, Washington Ice Skating Association reported income of $2.3m and spending of $2.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.3m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Ice Skating Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Strawberry Point Lutheran Home for the Aged ($2.3m), Mt Calvary Leadership Development Corporation Inc ($2.3m) and PSC Partners Seeking a Cure ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Other salaries and wages came to $623k. At year end it held assets of $6.3m against liabilities of $3.8m, net assets of $2.5m. It reported 36 employees.