The University Of Delaware Figure Skating Club
University of Delaware Figure Skating Club: Strong Asset Growth, Variable Revenue
EIN: 222757274 · Newark, DE · NTEE: N68 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $46K |
| Total Expenses | $43K |
| Program Spending | 80% |
| Net Assets | $388K |
| Transparency Score | 75/100 |
Is The University Of Delaware Figure Skating Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The University Of Delaware Figure Skating Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The University Of Delaware Figure Skating Club
The University Of Delaware Figure Skating Club (EIN: 222757274) is a nonprofit organization based in Newark, DE, classified under NTEE code N68. The organization reported total revenue of $46K and total assets of $408K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The University Of Delaware Figure Skating Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The University Of Delaware Figure Skating Club is a micro nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $43K |
| Surplus / Deficit | +$381 |
| Total Assets | $388K |
| Net Assets | $388K |
| Operating Margin | 0.9% |
| Months of Reserves | 107.2 months |
Financial Health Grade: A
In 2023, The University Of Delaware Figure Skating Club reported a surplus of $381 with revenue exceeding expenses, holds 107.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), The University Of Delaware Figure Skating Club's revenue has declined at a compound annual growth rate (CAGR) of -7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.5% | -73.6% | +0.7% |
| 2022 | +584.5% | +443.0% | +10.8% |
| 2021 | -40.7% | -31.2% | +9.1% |
| 2020 | -24.9% | -23.0% | +9.2% |
| 2019 | +4.3% | -10.0% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
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 The University Of Delaware Figure Skating Club with a Mission Score of 75 out of 100 (Good). 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, The University Of Delaware Figure Skating Club 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 surplus of $381, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is either minimal or not a significant expenditure requiring disclosure.
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 The University Of Delaware Figure Skating Club's IRS 990 filings:
- Revenue has been highly volatile, ranging from $250,922 in 2022 to $36,658 in 2021 and $46,197 in 2023, which could indicate inconsistent funding sources or event-dependent income.
- The provided data lacks specific breakdowns for program, administrative, and fundraising expenses, making it challenging to fully assess efficiency.
Strengths
The following positive indicators were identified for The University Of Delaware Figure Skating Club:
- Consistent growth in assets from $256,241 in 2017 to $408,301 in 2023, indicating financial stability and accumulation of resources.
- No reported lobbying or political campaign expenditures, suggesting a focus on its core mission.
- Low expenses relative to assets, with expenses of $43,430 in 2023 against assets of $408,301.
Frequently Asked Questions about The University Of Delaware Figure Skating Club
Is The University Of Delaware Figure Skating Club a legitimate charity?
The University Of Delaware Figure Skating Club (EIN: 222757274) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $46K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does The University Of Delaware Figure Skating Club spend its money?
The University Of Delaware Figure Skating Club directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The University Of Delaware Figure Skating Club tax-deductible?
The University Of Delaware Figure Skating Club is registered as a tax-exempt nonprofit (EIN: 222757274). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The University Of Delaware Figure Skating Club's spending goes to programs?
The University Of Delaware Figure Skating Club directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The University Of Delaware Figure Skating Club compare to similar nonprofits?
With a transparency score of 75/100 (Good), The University Of Delaware Figure Skating Club is above average for NTEE category N68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The University Of Delaware Figure Skating Club located?
The University Of Delaware Figure Skating Club is headquartered in Newark, Delaware and files with the IRS under EIN 222757274. It is classified under NTEE code N68.
How many years of IRS 990 filings does The University Of Delaware Figure Skating Club have?
The University Of Delaware Figure Skating Club has 12 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 $46K in total revenue.
What does The University Of Delaware Figure Skating Club do?
The University Of Delaware Figure Skating Club is a nonprofit organization in the Recreation & Sports sector, located in Newark, Delaware. It is classified under NTEE code N68.
How much revenue does The University Of Delaware Figure Skating Club have?
The University Of Delaware Figure Skating Club reported total revenue of $46,197. Based on 12 IRS 990 filings on record.
What are The University Of Delaware Figure Skating Club's total assets?
The University Of Delaware Figure Skating Club holds total assets of $408,301 as reported in IRS 990 filings.
Where is The University Of Delaware Figure Skating Club located?
The University Of Delaware Figure Skating Club is based in Newark, Delaware.
What is The University Of Delaware Figure Skating Club's EIN?
The University Of Delaware Figure Skating Club's Employer Identification Number (EIN) is 222757274. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The University Of Delaware Figure Skating Club?
The University Of Delaware Figure Skating Club is classified under NTEE code N68 (Recreation & Sports).
Is The University Of Delaware Figure Skating Club a registered 501(c)(3)?
Yes, The University Of Delaware Figure Skating Club is recognized as a tax-exempt organization by the IRS. EIN: 222757274.
Does The University Of Delaware Figure Skating Club file IRS Form 990?
Yes, The University Of Delaware Figure Skating Club has 12 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was The University Of Delaware Figure Skating Club's revenue in 2023?
In the 202308 filing period, The University Of Delaware Figure Skating Club reported total revenue of $43,811, total expenses of $43,430, and net assets of $388,081.
Is The University Of Delaware Figure Skating Club's revenue growing or declining?
The University Of Delaware Figure Skating Club's revenue is declining. Revenue went from $250,922 (202208) to $43,811 (202308), a -82.5% change. Based on 12 filings on record.
What is The University Of Delaware Figure Skating Club's most recent 990 filing?
The most recent IRS Form 990 filing for The University Of Delaware Figure Skating Club covers tax period 202308. It shows revenue of $43,811, expenses of $43,430, total assets of $388,081, and liabilities of N/A.
How much does The University Of Delaware Figure Skating Club spend on programs vs administration?
Based on IRS 990 analysis, The University Of Delaware Figure Skating Club allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The University Of Delaware Figure Skating Club a trustworthy charity?
Based on AI analysis of IRS 990 data, The University Of Delaware Figure Skating Club appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for The University Of Delaware Figure Skating Club?
The following concerns were identified: Revenue has been highly volatile, ranging from $250,922 in 2022 to $36,658 in 2021 and $46,197 in 2023, which could indicate inconsistent funding sources or event-dependent income.. The provided data lacks specific breakdowns for program, administrative, and fundraising expenses, making it challenging to fully assess efficiency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The University Of Delaware Figure Skating Club's strengths?
Positive indicators for The University Of Delaware Figure Skating Club include: Consistent growth in assets from $256,241 in 2017 to $408,301 in 2023, indicating financial stability and accumulation of resources.. No reported lobbying or political campaign expenditures, suggesting a focus on its core mission.. Low expenses relative to assets, with expenses of $43,430 in 2023 against assets of $408,301.. These findings are derived from AI analysis of the organization's financial filings.
How does The University Of Delaware Figure Skating Club compensate executives?
Executive compensation is not reported in the provided data, suggesting it is either minimal or not a significant expenditure requiring disclosure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant fluctuation in revenue, what are the primary drivers of income for the University of Delaware Figure Skating Club, and how does the organization plan to stabilize or diversify its funding streams?
The data shows extreme revenue variability, with a peak of $250,922 in 2022 and a low of $36,658 in 2021. This suggests a reliance on potentially inconsistent sources, such as major events, grants, or donations that vary significantly year-to-year. A strategy for more consistent membership fees, recurring donations, or diversified event planning would be crucial for financial predictability.
How does the club manage to consistently grow its assets despite such volatile revenue, and what is the strategy for utilizing these growing assets?
Despite revenue fluctuations, the club has consistently increased its assets from $256,241 in 2017 to $408,301 in 2023. This indicates effective expense management, potentially significant non-revenue contributions (e.g., in-kind donations, capital gains not reflected in 'revenue'), or a strategy of retaining a large portion of its income rather than spending it. Understanding the asset utilization strategy (e.g., for facility improvements, endowment, program expansion) is key.
Filing History
IRS 990 filing history for The University Of Delaware Figure Skating Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), The University Of Delaware Figure Skating Club's revenue has declined by 58.6%, moving from $106K to $44K. Total assets increased by 120.2% over the same period, from $176K to $388K. Total functional expenses fell by 58.1%, from $104K to $43K. In its most recent filing year (2023), The University Of Delaware Figure Skating Club reported a surplus of $381, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $44K | $43K | $388K | $0 | — | View 990 |
| 2022 | $251K | $165K | $385K | $0 | — | View 990 |
| 2021 | $37K | $30K | $348K | $0 | — | — |
| 2020 | $62K | $44K | $319K | $0 | — | — |
| 2019 | $82K | $57K | $292K | $0 | — | View 990 |
| 2018 | $79K | $64K | $271K | $0 | — | View 990 |
| 2017 | $97K | $113K | $256K | $0 | — | View 990 |
| 2016 | $127K | $64K | $264K | $0 | — | View 990 |
| 2015 | $71K | $71K | $200K | $0 | — | View 990 |
| 2014 | $102K | $99K | $206K | $0 | — | View 990 |
| 2013 | $105K | $105K | $190K | $0 | — | View 990 |
| 2011 | $106K | $104K | $176K | $263 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $44K, expenses of $43K, and assets of $388K (revenue -82.5% year-over-year).
- 2022: Revenue of $251K, expenses of $165K, and assets of $385K (revenue +584.5% year-over-year).
- 2021: Revenue of $37K, expenses of $30K, and assets of $348K (revenue -40.7% year-over-year).
- 2020: Revenue of $62K, expenses of $44K, and assets of $319K (revenue -24.9% year-over-year).
- 2019: Revenue of $82K, expenses of $57K, and assets of $292K (revenue +4.3% year-over-year).
- 2018: Revenue of $79K, expenses of $64K, and assets of $271K (revenue -19.0% year-over-year).
- 2017: Revenue of $97K, expenses of $113K, and assets of $256K (revenue -23.3% year-over-year).
- 2016: Revenue of $127K, expenses of $64K, and assets of $264K (revenue +78.8% year-over-year).
- 2015: Revenue of $71K, expenses of $71K, and assets of $200K (revenue -30.1% year-over-year).
- 2014: Revenue of $102K, expenses of $99K, and assets of $206K (revenue -3.2% year-over-year).
- 2013: Revenue of $105K, expenses of $105K, and assets of $190K (revenue -0.7% year-over-year).
- 2011: Revenue of $106K, expenses of $104K, and assets of $176K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The University Of Delaware Figure Skating Club:
Data Sources and Methodology
This transparency report for The University Of Delaware 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.