Keene Ice Center Enterprise Inc

Analysis

Keene Ice Center Enterprise Inc is a registered charity in United States, based in Keene, NH. It received its IRS tax-exemption ruling in December 2011, 15 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 2023, Keene Ice Center Enterprise Inc reported income of $637k and spending of $819k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $589k to $637k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 138% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Keene Ice Center Enterprise Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within NH. Charities of a similar size with the same main cause include Agoura Pony Baseball Inc ($636k), Dacula Athletic Association Inc ($637k) and Plant High School Athletics Foundation Inc ($636k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 93% of the total. At year end it held assets of $6.9m against liabilities of $1.4m, net assets of $5.4m.

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.