Gladwin Community Arena

Analysis

Gladwin Community Arena is a registered charity in United States, based in Gladwin, MI. It received its IRS tax-exemption ruling in April 2000, 26 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 August 2023, Gladwin Community Arena reported income of $247k and spending of $266k, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $210k to $247k (+18%), an average of +4.1% a year. The sharpest change came in the year to August 2022, when income rose by 59%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gladwin Community Arena sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Oceanview Volunteer Fire Co Inc ($247k), Santa Clarita Valley Athletic Association ($247k) and Charleston Moves ($247k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.9% and program service revenue 87% of the total. Other salaries and wages came to $81k. At year end it held assets of $166k against liabilities of $11k, net assets of $155k. It reported 15 employees.