Fremont Ice Association

Analysis

Fremont Ice Association is a registered charity in United States, based in Fremont, NE. It received its IRS tax-exemption ruling in May 2007, 19 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 December 2023, Fremont Ice Association reported income of $469k and spending of $482k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $469k (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fremont Ice Association sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include High Country Junior Volleyball Club Inc ($468k), Palatine Swim Team ($469k) and Tilton-Northfield Recreation Council ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. At year end it held assets of $293k against liabilities of $0, net assets of $293k.