Ice Inc

Analysis

Ice Inc is a registered charity in United States, based in Verona, WI. It received its IRS tax-exemption ruling in August 1993, 33 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, Ice Inc reported income of $1.2m and spending of $656k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $562k to $1.2m (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 323%. Over the whole period it spent 31% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ice Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Lafayette Youth Soccer Association Inc ($1.2m), Champaign Parks Foundation ($1.2m) and Oregon High School Equestrian Teams Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $222k. At year end it held assets of $12.3m against liabilities of $5.2m, net assets of $7.1m. It reported 13 employees.