Watertown Figure Skate Club Inc
EIN: 264541186 · Watertown, SD · NTEE: N70
| Metric | Value |
|---|---|
| Total Revenue | $432K |
| Total Expenses | $88K |
| Net Assets | $2.1M |
Is Watertown Figure Skate Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Watertown Figure Skate Club Inc
Watertown Figure Skate Club Inc (EIN: 264541186) is a nonprofit organization based in Watertown, SD, classified under NTEE code N70. The organization reported total revenue of $432K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Watertown Figure Skate Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Watertown Figure Skate Club Inc is a small nonprofit that has been operating for 12 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 499.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $88K |
| Surplus / Deficit | +$1.8M |
| Total Assets | $2.1M |
| Total Liabilities | $347 |
| Net Assets | $2.1M |
| Operating Margin | 95.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 280.5 months |
Financial Health Grade: A
In 2023, Watertown Figure Skate Club Inc reported a surplus of $1.8M with revenue exceeding expenses, holds 280.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Watertown Figure Skate Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 499.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +499.7% | +19.8% | +640.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Watertown Figure Skate Club Inc 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 Watertown Figure Skate Club Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Watertown Figure Skate Club Inc
Is Watertown Figure Skate Club Inc a legitimate charity?
Watertown Figure Skate Club Inc (EIN: 264541186) is a registered tax-exempt nonprofit based in South Dakota. It has 2 years of IRS 990 filings on record. Total revenue: $432K. No red flags identified. Financial health grade: A.
How does Watertown Figure Skate Club Inc spend its money?
Watertown Figure Skate Club Inc reported $432K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Watertown Figure Skate Club Inc tax-deductible?
Watertown Figure Skate Club Inc is registered as a tax-exempt nonprofit (EIN: 264541186). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Watertown Figure Skate Club Inc located?
Watertown Figure Skate Club Inc is headquartered in Watertown, South Dakota and files with the IRS under EIN 264541186. It is classified under NTEE code N70.
How many years of IRS 990 filings does Watertown Figure Skate Club Inc have?
Watertown Figure Skate Club Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $432K in total revenue.
Filing History
IRS 990 filing history for Watertown Figure Skate Club Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Watertown Figure Skate Club Inc's revenue has grown by 499.7%, moving from $311K to $1.9M. Total assets increased by 640.6% over the same period, from $277K to $2.1M. Total functional expenses rose by 19.8%, from $73K to $88K. In its most recent filing year (2023), Watertown Figure Skate Club Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $347 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $88K | $2.1M | $347 | — | View 990 |
| 2022 | $311K | $73K | $277K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Watertown Figure Skate Club Inc:
Data Sources and Methodology
This transparency report for Watertown Figure Skate Club 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.