Owensboro Ice Foundation Inc

Analysis

Owensboro Ice Foundation Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in September 2014, 12 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 September 2023, Owensboro Ice Foundation Inc reported income of $174k and spending of $132k, leaving 24% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $115k to $174k (+52%), an average of +52% a year. The sharpest change came in the year to September 2023, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Owensboro Ice Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include Bridgton Ice Arena Inc ($174k), Skate Nation of Prince William Precision Team ($174k) and Lockport Lemont Spartans High School Hockey Club ($174k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.4% and program service revenue 81% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.