Mankato Figure Skating Club
EIN: 411318167 · Mankato, MN
| Metric | Value |
|---|---|
| Total Revenue | $156K |
| Total Expenses | $99K |
| Net Assets | $76K |
Is Mankato Figure Skating Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mankato Figure Skating Club
Mankato Figure Skating Club (EIN: 411318167) is a nonprofit organization based in Mankato, MN. The organization reported total revenue of $156K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mankato Figure Skating Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mankato Figure Skating Club is a small nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $99K |
| Surplus / Deficit | +$32K |
| Total Assets | $76K |
| Net Assets | $76K |
| Operating Margin | 24.2% |
| Months of Reserves | 9.2 months |
Financial Health Grade: A
In 2024, Mankato Figure Skating Club reported a surplus of $32K with revenue exceeding expenses, holds 9.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Mankato Figure Skating Club's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +40.3% | +20.5% | +71.4% |
| 2023 | +56.3% | +25.9% | +32.7% |
| 2022 | +10.2% | +24.8% | -5.4% |
| 2021 | -8.3% | +13.7% | +5.0% |
| 2020 | -19.2% | -31.4% | +62.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mankato Figure Skating Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mankato Figure Skating Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
Frequently Asked Questions about Mankato Figure Skating Club
Is Mankato Figure Skating Club a legitimate charity?
Mankato Figure Skating Club (EIN: 411318167) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $156K. No red flags identified. Financial health grade: A.
How does Mankato Figure Skating Club spend its money?
Mankato Figure Skating Club reported $156K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mankato Figure Skating Club tax-deductible?
Mankato Figure Skating Club is registered as a tax-exempt nonprofit (EIN: 411318167). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mankato Figure Skating Club located?
Mankato Figure Skating Club is headquartered in Mankato, Minnesota and files with the IRS under EIN 411318167.
How many years of IRS 990 filings does Mankato Figure Skating Club have?
Mankato Figure Skating Club has 14 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 $156K in total revenue.
Filing History
IRS 990 filing history for Mankato Figure Skating Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Mankato Figure Skating Club's revenue has grown by 94.8%, moving from $67K to $131K. Total assets increased by 2028.7% over the same period, from $4K to $76K. Total functional expenses rose by 40.5%, from $70K to $99K. In its most recent filing year (2024), Mankato Figure Skating Club reported a surplus of $32K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $131K | $99K | $76K | $0 | — | — |
| 2023 | $93K | $82K | $44K | $0 | — | View 990 |
| 2022 | $60K | $65K | $33K | $0 | — | View 990 |
| 2021 | $54K | $52K | $35K | $0 | — | — |
| 2020 | $59K | $46K | $33K | $0 | — | — |
| 2019 | $73K | $67K | $21K | $0 | — | View 990 |
| 2018 | $77K | $75K | $15K | $0 | — | View 990 |
| 2017 | $71K | $78K | $13K | $0 | — | View 990 |
| 2016 | $66K | $73K | $21K | $0 | — | View 990 |
| 2015 | $80K | $82K | $28K | $0 | — | View 990 |
| 2014 | $84K | $70K | $29K | $0 | — | View 990 |
| 2013 | $73K | $66K | $14K | $0 | — | View 990 |
| 2012 | $80K | $77K | $7K | $0 | — | View 990 |
| 2011 | $67K | $70K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $131K, expenses of $99K, and assets of $76K (revenue +40.3% year-over-year).
- 2023: Revenue of $93K, expenses of $82K, and assets of $44K (revenue +56.3% year-over-year).
- 2022: Revenue of $60K, expenses of $65K, and assets of $33K (revenue +10.2% year-over-year).
- 2021: Revenue of $54K, expenses of $52K, and assets of $35K (revenue -8.3% year-over-year).
- 2020: Revenue of $59K, expenses of $46K, and assets of $33K (revenue -19.2% year-over-year).
- 2019: Revenue of $73K, expenses of $67K, and assets of $21K (revenue -5.4% year-over-year).
- 2018: Revenue of $77K, expenses of $75K, and assets of $15K (revenue +9.3% year-over-year).
- 2017: Revenue of $71K, expenses of $78K, and assets of $13K (revenue +6.7% year-over-year).
- 2016: Revenue of $66K, expenses of $73K, and assets of $21K (revenue -17.8% year-over-year).
- 2015: Revenue of $80K, expenses of $82K, and assets of $28K (revenue -4.4% year-over-year).
- 2014: Revenue of $84K, expenses of $70K, and assets of $29K (revenue +15.5% year-over-year).
- 2013: Revenue of $73K, expenses of $66K, and assets of $14K (revenue -9.5% year-over-year).
- 2012: Revenue of $80K, expenses of $77K, and assets of $7K (revenue +20.1% year-over-year).
- 2011: Revenue of $67K, expenses of $70K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mankato Figure Skating Club:
Data Sources and Methodology
This transparency report for Mankato Figure Skating Club 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.