Sioux Falls Figure Skating Club

Analysis

Sioux Falls Figure Skating Club is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in December 1997, 29 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 2024, Sioux Falls Figure Skating Club reported income of $399k and spending of $392k, spending 98% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $276k to $399k (+44%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 64%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sioux Falls Figure Skating Club sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within SD. Charities of a similar size with the same main cause include Greenwood Community & Recreation Center Inc ($399k), Reclaiming Our Children & Community Project Inc ($399k) and FC Soccer Club ($399k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $76k (19% of expenses). Other salaries and wages came to $54k. At year end it held assets of $81k against liabilities of $56k, net assets of $26k. It reported 34 employees.