Nantucket Ice Company Inc

Analysis

Nantucket Ice Company Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in October 2025. 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 December 2020, Nantucket Ice Company Inc reported income of $554k and spending of $783k, spending 141% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $612k to $554k (-9.5%), an average of -9.5% a year. Over the whole period it spent 139% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nantucket Ice Company Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Dakota Star Gymnastics ($553k), Lanikai Athletic Club ($554k) and Branch County 4-H Fair ($553k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 34% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $55k (7.0% of expenses). Other salaries and wages came to $170k. At year end it held assets of $4.6m against liabilities of $61k, net assets of $4.6m. It reported 10 employees.