Appleton Ice Inc

Analysis

Appleton Ice Inc is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2023, Appleton Ice Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $823k to $1.4m (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Appleton 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 82nd percentile, and in the 83rd percentile within WI. Charities of a similar size with the same main cause include Sudden Impact Volleyball Club ($1.4m), Indianapolis Parks Foundation Inc ($1.4m) and Southside Soccer Club ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $113k (8.3% of expenses). Other salaries and wages came to $137k. At year end it held assets of $3.3m against liabilities of $1.7m, net assets of $1.6m. It reported 18 employees.