Figure Skating In Harlem Inc
Figure Skating In Harlem Inc shows consistent asset growth and no reported officer compensation over a decade.
EIN: 133945168 · New York, NY · NTEE: N31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $3.3M |
| Program Spending | 80% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Figure Skating In Harlem Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Figure Skating In Harlem Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Figure Skating In Harlem Inc
Figure Skating In Harlem Inc (EIN: 133945168) is a nonprofit organization based in New York, NY, classified under NTEE code N31. The organization reported total revenue of $3.5M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Figure Skating In Harlem Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Figure Skating In Harlem Inc is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.3M |
| Surplus / Deficit | $-65,989 |
| Total Assets | $3.2M |
| Total Liabilities | $913K |
| Net Assets | $2.3M |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 28.2% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2023, Figure Skating In Harlem Inc reported a deficit of $66K with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 28.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Figure Skating In Harlem Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.8% | +12.7% | +28.5% |
| 2022 | +41.6% | +55.6% | +19.2% |
| 2021 | +10.3% | -17.2% | +34.5% |
| 2020 | -11.6% | -9.8% | +8.0% |
| 2019 | -2.1% | +3.4% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Figure Skating In Harlem Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Figure Skating In Harlem Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that top executives are not drawing salaries from the organization, which is highly unusual and suggests a strong commitment to directing funds towards programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Figure Skating In Harlem Inc's IRS 990 filings:
- Slight deficit in 202306 (expenses exceeded revenue by $65,989).
Strengths
The following positive indicators were identified for Figure Skating In Harlem Inc:
- Consistent asset growth over a decade, from $1.26M in 2014 to $3.24M in 2023.
- No reported officer compensation across all 13 filings, indicating high dedication or alternative compensation structures.
- Generally positive net income in most recent years (e.g., $541,270 surplus in 202206).
- Strong financial resilience demonstrated by sustained operations and growth over a long period.
Frequently Asked Questions about Figure Skating In Harlem Inc
Is Figure Skating In Harlem Inc a legitimate charity?
Figure Skating In Harlem Inc (EIN: 133945168) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.5M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Figure Skating In Harlem Inc spend its money?
Figure Skating In Harlem Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Figure Skating In Harlem Inc tax-deductible?
Figure Skating In Harlem Inc is registered as a tax-exempt nonprofit (EIN: 133945168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Figure Skating In Harlem Inc's spending goes to programs?
Figure Skating In Harlem Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Figure Skating In Harlem Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Figure Skating In Harlem Inc is above average for NTEE category N31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Figure Skating In Harlem Inc located?
Figure Skating In Harlem Inc is headquartered in New York, New York and files with the IRS under EIN 133945168. It is classified under NTEE code N31.
How many years of IRS 990 filings does Figure Skating In Harlem Inc have?
Figure Skating In Harlem Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
How does Figure Skating In Harlem Inc sustain operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that either executive roles are entirely volunteer-based, or compensation is structured in a way that is not classified as 'officer compensation' on the IRS Form 990, such as through a related entity or as general staff salaries.
What caused the deficit in the 202306 fiscal period?
In 202306, expenses ($3,290,078) slightly exceeded revenue ($3,224,089). Without detailed financial statements, the specific reasons for this deficit are unclear, but it could be due to increased program costs, one-time investments, or a temporary dip in fundraising.
Is the organization's asset growth sustainable?
The organization has shown consistent asset growth from $1,258,278 in 201406 to $3,235,362 in 202306. This trend, coupled with generally positive net income years, suggests a sustainable growth pattern, though the slight deficit in 202306 warrants monitoring.
Filing History
IRS 990 filing history for Figure Skating In Harlem Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Figure Skating In Harlem Inc's revenue has grown by 211.4%, moving from $1.0M to $3.2M. Total assets increased by 227.5% over the same period, from $988K to $3.2M. Total functional expenses rose by 275.3%, from $877K to $3.3M. In its most recent filing year (2023), Figure Skating In Harlem Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $913K in liabilities against $3.2M in assets (debt-to-asset ratio: 28.2%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.3M | $3.2M | $913K | — | — |
| 2022 | $3.5M | $2.9M | $2.5M | $128K | — | View 990 |
| 2021 | $2.4M | $1.9M | $2.1M | $262K | — | View 990 |
| 2020 | $2.2M | $2.3M | $1.6M | $287K | — | View 990 |
| 2019 | $2.5M | $2.5M | $1.5M | $180K | — | View 990 |
| 2018 | $2.6M | $2.4M | $1.4M | $133K | — | View 990 |
| 2017 | $2.2M | $2.2M | $1.3M | $122K | — | View 990 |
| 2016 | $1.7M | $1.8M | $1.2M | $85K | — | View 990 |
| 2015 | $1.6M | $1.7M | $1.3M | $100K | — | View 990 |
| 2014 | $1.4M | $1.5M | $1.3M | $87K | — | View 990 |
| 2013 | $1.2M | $1.3M | $1.3M | $48K | — | View 990 |
| 2012 | $1.3M | $1.0M | $1.3M | $22K | — | View 990 |
| 2011 | $1.0M | $877K | $988K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.3M, and assets of $3.2M (revenue -6.8% year-over-year).
- 2022: Revenue of $3.5M, expenses of $2.9M, and assets of $2.5M (revenue +41.6% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.9M, and assets of $2.1M (revenue +10.3% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.3M, and assets of $1.6M (revenue -11.6% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.5M, and assets of $1.5M (revenue -2.1% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.4M, and assets of $1.4M (revenue +14.0% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.2M, and assets of $1.3M (revenue +29.1% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.8M, and assets of $1.2M (revenue +6.3% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.7M, and assets of $1.3M (revenue +16.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $1.3M (revenue +14.2% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $1.3M (revenue -8.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.0M, and assets of $1.3M (revenue +29.3% year-over-year).
- 2011: Revenue of $1.0M, expenses of $877K, and assets of $988K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Figure Skating In Harlem Inc:
Data Sources and Methodology
This transparency report for Figure Skating In Harlem Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.