Mid Cape Ice Arena Inc

Analysis

Mid Cape Ice Arena Inc is a registered charity in United States, based in South Dennis, MA. It received its IRS tax-exemption ruling in February 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, Mid Cape Ice Arena Inc reported income of $539k and spending of $597k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $456k to $539k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid Cape Ice Arena Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Mount Zion Sheltering Arms for the Elderly Inc ($539k), Rock River Christian Camp ($539k) and Undine Fire Company No 2 ($539k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $198k. At year end it held assets of $802k against liabilities of $69k, net assets of $733k. It reported 12 employees.