Orono Ice Arena Inc

Analysis

Orono Ice Arena Inc is a registered charity in United States, based in Orono, MN. It received its IRS tax-exemption ruling in September 1996, 30 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 July 2024, Orono Ice Arena Inc reported income of $710k and spending of $733k, spending 103% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $570k to $710k (+24%), an average of +5.6% a year. The sharpest change came in the year to July 2021, when income rose by 31%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Orono Ice Arena Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Hingham Youth Hockey Inc ($710k), Ridgefield Regional Aquatic Club Inc ($710k) and Let Me Run Inc ($709k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.9% and program service revenue 92% of the total. Other salaries and wages came to $189k. At year end it held assets of $3.5m against liabilities of $545k, net assets of $2.9m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.