Fogerty Arena the Ice House

Analysis

Fogerty Arena the Ice House is a registered charity in United States, based in Blaine, MN. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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, Fogerty Arena the Ice House reported income of $1.8m and spending of $1.9m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.8m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fogerty Arena the Ice House sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Tri-County Community Action Agency ($1.8m), Westside Community Development Corporation Inc ($1.8m) and Access Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $110k (5.7% of expenses). Other salaries and wages came to $566k. At year end it held assets of $6.5m against liabilities of $3.9m, net assets of $2.6m. It reported 44 employees.