Figure Skating Club of Minneapolis
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO ENCOURAGE THE INSTRUCTION PRACTICE & ADVANCEMENT OF MEMBERS IN MOVES IN THE FIELD FREE SKATING PAIR SKATING SYNCHRONIZED TEAM & ALL TYPES OF FIGURE SKATING; TO ENCOURAGE & CULTIVATE A SPIRIT OF FRATERNAL FEELING AMONG ICE SKATERS TO SPONSOR TO PRODUCE OR COOPERATE IN THE PRODUCTION OF AMATEUR ICE SHOWS & COMPETITIONS; & TO CARRY OUT THE GENERAL POLICIES OF THE UNITED STATES FIGURE SKATING ASSOCIATION.
- Income
- $164,301
- Spending
- $156,893
- Reserves
- 2 months of spending
- Largest source of income
- fees for its services, 95%
Source: Form 990EZ for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 64 out of 100.
Reserves
10 of 35Spendable reserves would cover 2.0 months of spending.
Debt
20 of 20It owes 9% of what it owns.
Living within its means
15 of 15Income exceeded spending by 5% of income.
Source: Form 990EZ for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (7)
- $18,524 spent. SYNCHRONIZED SKATING - Approx 11 amateur skaters trained for & participated in regional national team competitions.
- $41,794 spent. CLUB ICE CONTRACT & COMPETITION SPONSORSHIPS - Approx 25 amateur individual & team skaters were provided ice facilities for practice & training including approx 250 hours of ice time.
- $70,826 spent. SKATING ACADEMY - Approx 600 children & adults were taught basic ice skating skills. Students were tested to determine achievement.
- TESTING Skaters did not take place in the 23 24 fiscal year.
- $421 spent. ICE SHOW
- $8,194 spent. MIDWEST OPEN
- $647 spent. BANQUET
Source: Form 990EZ for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending May 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 1985.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.