Family Ice

Analysis

Family Ice is a registered charity in United States, based in Falmouth, ME. It received its IRS tax-exemption ruling in April 1998, 28 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, Family Ice reported income of $1.9m and spending of $1.1m, leaving 43% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $966k to $1.9m (+96%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 103%. 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, Family Ice sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ME. Charities of a similar size with the same main cause include Center for Wooden Boats ($1.9m), Push the Rock ($1.9m) and California-Usa Wrestling Inc ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $109k (10% of expenses). Other salaries and wages came to $273k. At year end it held assets of $3.7m against liabilities of $750k, net assets of $3.0m. It reported 17 employees.