Irvine Ice Foundation

Analysis

Irvine Ice Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Irvine Ice Foundation reported income of $20.4m and spending of $21.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.8m to $20.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 233%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Irvine Ice Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include American Council on Exercise ($19.6m), Jewish Community Center of Dallas ($20.6m) and United States of America Wrestling Association ($19.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 86% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $108.0m against liabilities of $70.2m, net assets of $37.8m. It reported 235 employees.