Mid Cape Ice Arena Inc
Mid Cape Ice Arena: Consistent Revenue, Declining Assets
EIN: 222573786 · South Dennis, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $551K |
| Total Expenses | $597K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $733K |
| Transparency Score | 65/100 |
Is Mid Cape Ice Arena Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mid Cape Ice Arena Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mid Cape Ice Arena Inc
Mid Cape Ice Arena Inc (EIN: 222573786) is a nonprofit organization based in South Dennis, MA. The organization reported total revenue of $551K and total assets of $656K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Cape Ice Arena Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mid Cape Ice Arena Inc is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $539K |
| Total Expenses | $597K |
| Surplus / Deficit | $-57,526 |
| Total Assets | $802K |
| Total Liabilities | $69K |
| Net Assets | $733K |
| Operating Margin | -10.7% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 16.1 months |
Financial Health Grade: B
In 2023, Mid Cape Ice Arena Inc reported a deficit of $58K with expenses exceeding revenue, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mid Cape Ice Arena Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | +11.5% | -3.5% |
| 2022 | +20.5% | +2.9% | -7.1% |
| 2021 | +3.1% | +17.2% | -8.3% |
| 2020 | -3.6% | -8.1% | -3.7% |
| 2019 | +0.1% | +1.6% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mid Cape Ice Arena Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mid Cape Ice Arena Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $58K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or compensation levels that do not meet IRS reporting requirements for key employees.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mid Cape Ice Arena Inc's IRS 990 filings:
- Consistent decline in net assets over the past 8 years, from $1,220,809 in 2016 to $656,114 in 2023.
- Lack of detailed program descriptions in provided data makes it difficult to assess direct impact of spending.
Strengths
The following positive indicators were identified for Mid Cape Ice Arena Inc:
- Stable revenue generation, consistently around $450,000 - $550,000 annually.
- Zero reported executive compensation suggests efficient use of funds or strong volunteer support.
Frequently Asked Questions about Mid Cape Ice Arena Inc
Is Mid Cape Ice Arena Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mid Cape Ice Arena Inc (EIN: 222573786) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Mid Cape Ice Arena Inc spend its money?
Mid Cape Ice Arena Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mid Cape Ice Arena Inc tax-deductible?
Mid Cape Ice Arena Inc is registered as a tax-exempt nonprofit (EIN: 222573786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mid Cape Ice Arena Inc CEO make?
Mid Cape Ice Arena Inc's highest-compensated officer earns $0 annually. The organization reported $551K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mid Cape Ice Arena Inc's spending goes to programs?
Mid Cape Ice Arena Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Mid Cape Ice Arena Inc located?
Mid Cape Ice Arena Inc is headquartered in South Dennis, Massachusetts and files with the IRS under EIN 222573786.
How many years of IRS 990 filings does Mid Cape Ice Arena Inc have?
Mid Cape Ice Arena Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $551K in total revenue.
What does Mid Cape Ice Arena Inc do?
Mid Cape Ice Arena Inc is a nonprofit organization in the Unknown sector, located in South Dennis, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Mid Cape Ice Arena Inc have?
Mid Cape Ice Arena Inc reported total revenue of $551,026. Based on 13 IRS 990 filings on record.
What are Mid Cape Ice Arena Inc's total assets?
Mid Cape Ice Arena Inc holds total assets of $656,114 as reported in IRS 990 filings.
Where is Mid Cape Ice Arena Inc located?
Mid Cape Ice Arena Inc is based in South Dennis, Massachusetts.
What is Mid Cape Ice Arena Inc's EIN?
Mid Cape Ice Arena Inc's Employer Identification Number (EIN) is 222573786. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mid Cape Ice Arena Inc?
Mid Cape Ice Arena Inc is classified under NTEE code Unknown (Unknown).
Is Mid Cape Ice Arena Inc a registered 501(c)(3)?
Mid Cape Ice Arena Inc appears in IRS records (EIN: 222573786). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mid Cape Ice Arena Inc file IRS Form 990?
Yes, Mid Cape Ice Arena Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Mid Cape Ice Arena Inc's revenue in 2023?
In the 202306 filing period, Mid Cape Ice Arena Inc reported total revenue of $539,431, total expenses of $596,957, and net assets of $802,133.
Is Mid Cape Ice Arena Inc's revenue growing or declining?
Mid Cape Ice Arena Inc's revenue is relatively stable. Revenue went from $546,392 (202206) to $539,431 (202306), a -1.3% change. Based on 13 filings on record.
What is Mid Cape Ice Arena Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Mid Cape Ice Arena Inc covers tax period 202306. It shows revenue of $539,431, expenses of $596,957, total assets of $802,133, and liabilities of $68,801.
How much does Mid Cape Ice Arena Inc spend on programs vs administration?
Based on IRS 990 analysis, Mid Cape Ice Arena Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Mid Cape Ice Arena Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Mid Cape Ice Arena Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Mid Cape Ice Arena Inc?
The following concerns were identified: Consistent decline in net assets over the past 8 years, from $1,220,809 in 2016 to $656,114 in 2023.. Lack of detailed program descriptions in provided data makes it difficult to assess direct impact of spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mid Cape Ice Arena Inc's strengths?
Positive indicators for Mid Cape Ice Arena Inc include: Stable revenue generation, consistently around $450,000 - $550,000 annually.. Zero reported executive compensation suggests efficient use of funds or strong volunteer support.. These findings are derived from AI analysis of the organization's financial filings.
How does Mid Cape Ice Arena Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or compensation levels that do not meet IRS reporting requirements for key employees. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific strategies are being implemented to address the continuous decline in net assets, and how do these strategies align with the organization's long-term sustainability goals?
The provided data does not detail specific strategies to address asset decline. Further investigation into operational changes, fundraising initiatives, or capital improvement plans would be necessary to understand their approach to long-term sustainability.
Given the consistent revenue and zero reported executive compensation, what are the primary drivers behind the significant decrease in net assets over the past eight years?
The decline in net assets, despite stable revenue and no reported executive compensation, suggests that expenses (totaling $596,957 in 2023) consistently exceed revenue or that significant asset depreciation/disposal is occurring without sufficient replacement or new asset acquisition. A detailed breakdown of expenses beyond the provided data would be needed to pinpoint the exact drivers.
Filing History
IRS 990 filing history for Mid Cape Ice Arena Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mid Cape Ice Arena Inc's revenue has grown by 5.9%, moving from $509K to $539K. Total assets increased by 1.5% over the same period, from $790K to $802K. Total functional expenses rose by 18.3%, from $504K to $597K. In its most recent filing year (2023), Mid Cape Ice Arena Inc reported a deficit of $58K, with expenses exceeding revenue. The organization holds $69K in liabilities against $802K in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $733K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $539K | $597K | $802K | $69K | — | — |
| 2022 | $546K | $535K | $832K | $41K | — | View 990 |
| 2021 | $453K | $520K | $895K | $104K | — | — |
| 2020 | $440K | $444K | $976K | $118K | — | View 990 |
| 2019 | $456K | $483K | $1.0M | $151K | — | View 990 |
| 2018 | $455K | $476K | $1.1M | $179K | — | View 990 |
| 2017 | $534K | $515K | $1.2M | $278K | — | View 990 |
| 2016 | $531K | $481K | $1.2M | $329K | — | View 990 |
| 2015 | $527K | $481K | $1.0M | $208K | — | View 990 |
| 2014 | $599K | $455K | $1.1M | $269K | — | View 990 |
| 2013 | $510K | $479K | $847K | $196K | — | View 990 |
| 2012 | $479K | $472K | $765K | $145K | — | View 990 |
| 2011 | $509K | $504K | $790K | $177K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $539K, expenses of $597K, and assets of $802K (revenue -1.3% year-over-year).
- 2022: Revenue of $546K, expenses of $535K, and assets of $832K (revenue +20.5% year-over-year).
- 2021: Revenue of $453K, expenses of $520K, and assets of $895K (revenue +3.1% year-over-year).
- 2020: Revenue of $440K, expenses of $444K, and assets of $976K (revenue -3.6% year-over-year).
- 2019: Revenue of $456K, expenses of $483K, and assets of $1.0M (revenue +0.1% year-over-year).
- 2018: Revenue of $455K, expenses of $476K, and assets of $1.1M (revenue -14.7% year-over-year).
- 2017: Revenue of $534K, expenses of $515K, and assets of $1.2M (revenue +0.4% year-over-year).
- 2016: Revenue of $531K, expenses of $481K, and assets of $1.2M (revenue +0.8% year-over-year).
- 2015: Revenue of $527K, expenses of $481K, and assets of $1.0M (revenue -12.1% year-over-year).
- 2014: Revenue of $599K, expenses of $455K, and assets of $1.1M (revenue +17.4% year-over-year).
- 2013: Revenue of $510K, expenses of $479K, and assets of $847K (revenue +6.5% year-over-year).
- 2012: Revenue of $479K, expenses of $472K, and assets of $765K (revenue -5.9% year-over-year).
- 2011: Revenue of $509K, expenses of $504K, and assets of $790K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mid Cape Ice Arena Inc:
Data Sources and Methodology
This transparency report for Mid Cape Ice Arena Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.