Ice Theatre of New York

Analysis

Ice Theatre of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 June 2023, Ice Theatre of New York reported income of $582k and spending of $602k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $642k to $582k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ice Theatre of New York sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Beardsley & Memorial Library ($582k), Citizens Against Domestic and Sexual Abuse ($582k) and Elderly Housing Corporation of Claycounty Minnesota ($582k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $130k (22% of expenses). Other salaries and wages came to $136k. At year end it held assets of $709k against liabilities of $81k, net assets of $628k. It reported 24 employees.