Ice House Skating Academy

Analysis

Ice House Skating Academy is a registered charity in United States, based in Hartland, MI. It received its IRS tax-exemption ruling in June 2009, 17 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 (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 2024, Ice House Skating Academy reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $872k to $1.1m (+24%), an average of +4.5% a year. The sharpest change came in the year to June 2020, when income dropped by 41%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ice House Skating Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Chinto Martial Arts Inc ($1.1m), Friends of Carrollwood Cultural Center Inc ($1.1m) and Coast Guard Blue Dolphins Swim Club ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $345k. At year end it held assets of $121k against liabilities of $74k, net assets of $47k. It reported 28 employees.