Friends of Fort Dupont Ice Arena Inc

Analysis

Friends of Fort Dupont Ice Arena Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Friends of Fort Dupont Ice Arena Inc reported income of $906k and spending of $455k, leaving 50% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.3m to $906k (-31%), an average of -8.8% a year. The sharpest change came in the year to March 2021, when income dropped by 48%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Fort Dupont Ice Arena Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 53rd percentile within DC. Charities of a similar size with the same main cause include East Alton Civic Rink Management Inc ($906k), Bux-Mont Hockey Association ($908k) and Black Hills Parks and Forests Association ($905k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 91% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $79k (17% of expenses). Other salaries and wages came to $251k. At year end it held assets of $1.2m against liabilities of $91k, net assets of $1.1m. It reported 61 employees.