Bridgton Ice Arena Inc

Analysis

Bridgton Ice Arena Inc is a registered charity in United States, based in N Bridgton, ME. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridgton Ice Arena Inc reported income of $174k and spending of $231k, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $118k to $174k (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 130% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bridgton Ice Arena Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 44th percentile within ME. Charities of a similar size with the same main cause include Lockport Lemont Spartans High School Hockey Club ($174k), Owensboro Ice Foundation Inc ($174k) and Smithsburg Youth Athletics Inc ($174k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $578k against liabilities of $313k, net assets of $265k.