Saint Thomas Academy Ice Arena

Analysis

Saint Thomas Academy Ice Arena is a registered charity in United States, based in Mendota HTS, MN. It received its IRS tax-exemption ruling in March 2003, 23 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 August 2023, Saint Thomas Academy Ice Arena reported income of $709k and spending of $951k, spending 134% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $733k to $709k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to August 2022, when income rose by 30%. Over the whole period it spent 123% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Saint Thomas Academy Ice Arena sits at the 89th percentile: it is larger than about 89% 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 Livermore Aqua Cowboys Club ($709k), Let Me Run Inc ($709k) and Junior Everblades Hockey Association Inc ($709k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $198k. At year end it held assets of $2.0m against liabilities of $2.2m, net assets of -$204k.

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.