Pettit National Ice Center Inc

Analysis

Pettit National Ice Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 1991, 35 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, Pettit National Ice Center Inc reported income of $2.5m and spending of $2.3m, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.7m to $2.5m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to August 2022, when income rose by 34%. 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, Pettit National Ice Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Yardley Morrisville Soccer Inc ($2.5m), Elk Grove Youth Soccer League ($2.6m) and United States Judo Inc ($2.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $56k (2.4% of expenses). Other salaries and wages came to $792k. At year end it held assets of $8.6m against liabilities of $193k, net assets of $8.4m. It reported 79 employees.