North Shore Ice Arena LLC

Analysis

North Shore Ice Arena LLC is a registered charity in United States, based in Northbrook, IL. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2023, North Shore Ice Arena LLC reported income of $2.0m and spending of $2.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.0m (+10%), an average of +2.5% a year. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Shore Ice Arena LLC sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Camp Avoda Inc ($2.0m), George Y Pocock Rowing Foundation ($2.0m) and Football Club of Westchester Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $19.7m against liabilities of $22.4m, net assets of -$2.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.