Klamath Ice Sports Inc

Analysis

Klamath Ice Sports Inc is a registered charity in United States, based in Klamath Falls, OR. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Klamath Ice Sports Inc reported income of $502k and spending of $532k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $275k to $502k (+83%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 118% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Klamath Ice Sports Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OR. Charities of a similar size with the same main cause include Gaithersburg Beloved Community Initiative Incorporated ($502k), Magic Box Productions Inc ($502k) and St Lawrence Child Care Council Inc ($501k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Other salaries and wages came to $164k. At year end it held assets of $1.8m against liabilities of $4,267, net assets of $1.8m. It reported 36 employees.

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.