International Skating Program Inc

International Skating Program Inc. operates with minimal assets and high liabilities, raising solvency concerns.

EIN: 10598493 · Woodbridge, NJ · NTEE: N68 · Updated: 2026-03-26

$536KRevenue

$4KAssets

45/100Mission Score (Fair)

N68

About International Skating Program Inc

International Skating Program Inc (EIN: 10598493) is a nonprofit organization based in Woodbridge, NJ, classified under NTEE code N68. The organization reported total revenue of $536K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Skating Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

International Skating Program Inc. demonstrates a concerning financial profile. While the organization has consistently reported revenue, its asset base is extremely low, with the latest reported assets at $3,863, and even a negative asset value of $-14,688 in 2014. This indicates a severe lack of financial reserves and potential solvency issues. Liabilities have also been consistently high, reaching $223,478 in 2023, significantly outweighing assets. The organization's financial health appears precarious, relying heavily on current revenue to cover expenses without building a stable financial foundation.

The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent pattern of expenses often closely tracking or exceeding revenue (e.g., 2021 expenses of $532,516 against revenue of $486,424) suggests that the organization operates on very thin margins. The lack of reported officer compensation across all filings could be a positive indicator of resource allocation, assuming it's accurate and not indicative of other issues. However, the overall financial instability overshadows this.

Transparency regarding executive compensation is high, as 0% officer compensation is consistently reported. However, the overall financial picture, particularly the persistent high liabilities and minimal assets, raises questions about the organization's long-term viability and financial management practices. A more detailed breakdown of expenses would be crucial for a complete assessment of spending efficiency and program impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates International Skating Program Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, International Skating Program Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, which is a positive indicator of resource allocation towards the organization's mission, especially given its modest revenue levels.

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 International Skating Program Inc's IRS 990 filings:

Extremely low asset base (e.g., $3,863 in 2023, and negative assets in 2014) indicating a lack of financial reserves.
Consistently high liabilities (e.g., $223,478 in 2023) significantly outweighing assets, suggesting potential solvency issues.
Expenses frequently close to or exceeding revenue, indicating thin operating margins and difficulty building reserves.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes a full efficiency assessment difficult.

Strengths

The following positive indicators were identified for International Skating Program Inc:

Consistent reporting of 0% officer compensation, indicating that executive salaries are not a drain on resources.
Long filing history (13 filings) suggests ongoing operations, despite financial challenges.

Frequently Asked Questions about International Skating Program Inc

Is International Skating Program Inc. a good charity?

Based on the provided financial data, the organization faces significant financial challenges, including extremely low assets and high liabilities, which raise concerns about its long-term stability and ability to sustain its programs. While officer compensation is 0%, the overall financial health is precarious.

Why are the assets so low and liabilities so high?

The data consistently shows very low assets (e.g., $3,863 in 2023) and high liabilities (e.g., $223,478 in 2023). This indicates that the organization has minimal financial reserves and significant outstanding obligations, which could stem from operational deficits or debt financing.

How does the organization manage to operate with such low assets?

Operating with such low assets and high liabilities suggests the organization relies heavily on immediate cash flow from revenue to cover expenses. It likely has very little working capital and no significant endowment or reserves to buffer against financial shocks.

Filing History

IRS 990 filing history for International Skating Program Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), International Skating Program Inc's revenue has grown by 77.8%, moving from $305K to $542K. Total assets decreased by 72.2% over the same period, from $28K to $8K. Total functional expenses rose by 36.5%, from $337K to $459K. In its most recent filing year (2023), International Skating Program Inc reported a surplus of $83K, with revenue exceeding expenses. The organization holds $223K in liabilities against $8K in assets (debt-to-asset ratio: 2842.1%), resulting in net assets of $-215,615.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$542K	$459K	$8K	$223K	—	—
2022	$504K	$455K	$597	$299K	—	—
2021	$486K	$533K	$56K	$404K	—	View 990
2020	$440K	$476K	$100K	$402K	—	—
2019	$163K	$163K	$24K	$291K	—	View 990
2018	$659K	$632K	$23K	$290K	—	View 990
2017	$304K	$354K	$30K	$324K	—	View 990
2016	$279K	$272K	$19K	$264K	—	View 990
2015	$351K	$323K	$14K	$272K	—	View 990
2014	$354K	$391K	$-14,688	$271K	—	View 990
2013	$346K	$344K	$11K	$260K	—	View 990
2012	$363K	$388K	$-5,208	$245K	—	View 990
2011	$305K	$337K	$28K	$254K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $542K, expenses of $459K, and assets of $8K (revenue +7.6% year-over-year).
2022: Revenue of $504K, expenses of $455K, and assets of $597 (revenue +3.6% year-over-year).
2021: Revenue of $486K, expenses of $533K, and assets of $56K (revenue +10.4% year-over-year).
2020: Revenue of $440K, expenses of $476K, and assets of $100K (revenue +169.7% year-over-year).
2019: Revenue of $163K, expenses of $163K, and assets of $24K (revenue -75.2% year-over-year).
2018: Revenue of $659K, expenses of $632K, and assets of $23K (revenue +116.6% year-over-year).
2017: Revenue of $304K, expenses of $354K, and assets of $30K (revenue +9.1% year-over-year).
2016: Revenue of $279K, expenses of $272K, and assets of $19K (revenue -20.6% year-over-year).
2015: Revenue of $351K, expenses of $323K, and assets of $14K (revenue -0.7% year-over-year).
2014: Revenue of $354K, expenses of $391K, and assets of $-14,688 (revenue +2.3% year-over-year).
2013: Revenue of $346K, expenses of $344K, and assets of $11K (revenue -4.8% year-over-year).
2012: Revenue of $363K, expenses of $388K, and assets of $-5,208 (revenue +19.0% year-over-year).
2011: Revenue of $305K, expenses of $337K, and assets of $28K.

Data Sources and Methodology

This transparency report for International Skating Program 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.