Ice Foundation Inc

Analysis

Ice Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Ice Foundation Inc reported income of $126k and spending of $206k, spending 163% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income fell from $178k to $126k (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2021, when income dropped by 45%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ice Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Japanese American Treaty Centennial Scholarship Fund Inc ($126k), San Antonio Bay Partnership Inc ($126k) and Bibliographic Association of Red River Inc ($126k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% of the total. At year end it held assets of $43k against liabilities of $10k, net assets of $33k.