Andover Center Ice Club

Analysis

Andover Center Ice Club is a registered charity in United States, based in Andover, MN. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Andover Center Ice Club reported income of $59k and spending of $76k, spending 129% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $67k to $59k (-12%), an average of -12% a year. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Andover Center Ice Club sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Aspen Alpine Club Inc ($59k), Lincoln Rockets Inc ($59k) and Thomas P Clairmont Sr Baseball Foundation Incorporated ($59k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 24% and program service revenue 72% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.