Ny Icecats Inc

Analysis

Ny Icecats Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Ny Icecats Inc reported income of $298k and spending of $209k, leaving 30% of income unspent that year. Across the 2 years on record, from October 2022 to October 2023, income grew from $194k to $298k (+54%), an average of +54% a year. The sharpest change came in the year to October 2023, when income rose by 54%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ny Icecats Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Texarkana Soccer Association ($298k), Road Runners Club of America ($298k) and Clements High School Athletic Booster Club Inc ($298k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $212k against liabilities of $16k, net assets of $196k.