Anoka Area Ice Arena Association Inc

Analysis

Anoka Area Ice Arena Association Inc is a registered charity in United States, based in Anoka, MN. It received its IRS tax-exemption ruling in October 1983, 43 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, Anoka Area Ice Arena Association Inc reported income of $554k and spending of $965k, spending 174% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $649k to $554k (-15%), an average of -3.9% a year. Over the whole period it spent 119% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Anoka Area Ice Arena Association Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Unirondack Inc ($554k), North Carolina Coaches Association ($554k) and Prospect Mountain Association Inc ($554k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 112% of the total. Compensation of current officers, directors and key employees was $186k (19% of expenses). Other salaries and wages came to $98k. At year end it held assets of $5.4m against liabilities of $3.5m, net assets of $1.9m. It reported 66 employees.