Glaciers Sports Inc

Analysis

Glaciers Sports Inc is a registered charity in United States, based in Youngstown, OH. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Glaciers Sports Inc reported income of $435k and spending of $338k, leaving 22% of income unspent that year. Across the 4 years on record, from October 2020 to October 2023, income grew from $370k to $435k (+18%), an average of +5.5% a year. The sharpest change came in the year to October 2023, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Glaciers Sports Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Roanoke Valley Swimming Inc ($435k), Camp Albrecht Acres of the Midwest ($435k) and Hillsborough Jr Raiders Sports ($435k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 28% and program service revenue 47% of the total. Other salaries and wages came to $69k. At year end it held assets of $221k against liabilities of $57k, net assets of $164k. It reported 14 employees.