Reading Ice Arena Authority Inc
Reading Ice Arena Authority Inc: Transparent Spending and Strong Mission Focus
EIN: 223186247 · Reading, MA · NTEE: N32Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.0M |
| Program Spending | 60% |
| Net Assets | $580K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Reading Ice Arena Authority Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Reading Ice Arena Authority Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Reading Ice Arena Authority Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $990K and expenses of $1.0M.
Revenue and Expenses
Reading Ice Arena Authority Inc reported $990K in revenue and $1.0M in expenses, a deficit of $32K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 3 red flags, and 1 strength are shown from structured and AI review.
Is Reading Ice Arena Authority Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $613K (60%) |
Across stored filings, Reading Ice Arena Authority Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 60% to programs | Below Average |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Category N context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Joint Committee For Childrens Health Care In Everett →All Massachusetts nonprofits
All Category N
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Reading, MA nonprofitsCategory N in Massachusetts
Human Services in Massachusetts
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Category N spending
Best Category N charities in Massachusetts
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
America East
Boston, MA · $11.0M revenue · Score 85/100
Compare side-by-sideNorth American Marine Alliance Inc
Gloucester, MA · $2.7M revenue · Score 95/100
Compare side-by-sideSharing Foundation
Concord, MA · $1.2M revenue · Score 95/100
Compare side-by-sideMarthas Vineyard Community Television Inc
Vineyard Hvn, MA · $877K revenue · Score 95/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Reading Ice Arena Authority Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Reading Ice Arena Authority Inc
Reading Ice Arena Authority Inc (EIN: 223186247) is a nonprofit organization based in Reading, MA, classified under NTEE code N32Z. The organization reported total revenue of $1.0M and total assets of $734K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reading Ice Arena Authority Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reading Ice Arena Authority Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $990K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-32,023 |
| Total Assets | $754K |
| Total Liabilities | $174K |
| Net Assets | $580K |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 23.1% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2023, Reading Ice Arena Authority Inc reported a deficit of $32K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 23.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Reading Ice Arena Authority Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.9% | +14.6% | +8.1% |
| 2022 | +18.4% | +24.7% | +5.3% |
| 2021 | +5.8% | -8.4% | -0.5% |
| 2020 | -20.0% | -14.8% | -11.3% |
| 2019 | +4.4% | +12.1% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
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 Reading Ice Arena Authority Inc with a Mission Score of 85 out of 100 (Excellent). 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: 60%
- fundraising: 20%
According to IRS 990 filings, Reading Ice Arena Authority Inc allocates its expenses as follows: admin: 20%, programs: 60%, fundraising: 20%. Approximately 60% 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 $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.1%.
Executive Compensation Analysis
Executive compensation remains at a modest level, reflecting the nonprofit's commitment to fiscal responsibility.
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 Reading Ice Arena Authority Inc's IRS 990 filings:
- No external audit fees reported, indicating potential reliance on internal controls.
- Funding for programs consistently exceeds 50% of total expenses, highlighting a strong focus on mission.
- Administrative costs are kept under 30% of total expenses, suggesting efficient operations.
Strengths
The following positive indicators were identified for Reading Ice Arena Authority Inc:
- Consistent program funding: Over 60% of expenses consistently allocated to programs, ensuring resources are directed towards the mission.
Frequently Asked Questions about Reading Ice Arena Authority Inc
Is Reading Ice Arena Authority Inc a legitimate charity?
Reading Ice Arena Authority Inc (EIN: 223186247) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Reading Ice Arena Authority Inc spend its money?
Reading Ice Arena Authority Inc directs 60% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Reading Ice Arena Authority Inc tax-deductible?
Reading Ice Arena Authority Inc is registered as a tax-exempt nonprofit (EIN: 223186247). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Reading Ice Arena Authority Inc's spending goes to programs?
Reading Ice Arena Authority Inc directs 60% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Reading Ice Arena Authority Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Reading Ice Arena Authority Inc is above average for NTEE category N32Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Reading Ice Arena Authority Inc located?
Reading Ice Arena Authority Inc is headquartered in Reading, Massachusetts and files with the IRS under EIN 223186247. It is classified under NTEE code N32Z.
How many years of IRS 990 filings does Reading Ice Arena Authority Inc have?
Reading Ice Arena Authority 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 $1.0M in total revenue.
What does Reading Ice Arena Authority Inc do?
Reading Ice Arena Authority Inc is a nonprofit organization in the Recreation & Sports sector, located in Reading, Massachusetts. It is classified under NTEE code N32Z.
How much revenue does Reading Ice Arena Authority Inc have?
Reading Ice Arena Authority Inc reported total revenue of $1,048,637. Based on 13 IRS 990 filings on record.
What are Reading Ice Arena Authority Inc's total assets?
Reading Ice Arena Authority Inc holds total assets of $734,472 as reported in IRS 990 filings.
Where is Reading Ice Arena Authority Inc located?
Reading Ice Arena Authority Inc is based in Reading, Massachusetts.
What is Reading Ice Arena Authority Inc's EIN?
Reading Ice Arena Authority Inc's Employer Identification Number (EIN) is 223186247. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Reading Ice Arena Authority Inc?
Reading Ice Arena Authority Inc is classified under NTEE code N32Z (Recreation & Sports).
Is Reading Ice Arena Authority Inc a registered 501(c)(3)?
Yes, Reading Ice Arena Authority Inc is recognized as a tax-exempt organization by the IRS. EIN: 223186247.
Does Reading Ice Arena Authority Inc file IRS Form 990?
Yes, Reading Ice Arena Authority Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Reading Ice Arena Authority Inc's revenue in 2023?
In the 202306 filing period, Reading Ice Arena Authority Inc reported total revenue of $990,075, total expenses of $1,022,098, and net assets of $753,596.
Is Reading Ice Arena Authority Inc's revenue growing or declining?
Reading Ice Arena Authority Inc's revenue is growing. Revenue went from $892,409 (202206) to $990,075 (202306), a +10.9% change. Based on 13 filings on record.
What is Reading Ice Arena Authority Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Reading Ice Arena Authority Inc covers tax period 202306. It shows revenue of $990,075, expenses of $1,022,098, total assets of $753,596, and liabilities of $173,965.
How much does Reading Ice Arena Authority Inc spend on programs vs administration?
Based on IRS 990 analysis, Reading Ice Arena Authority Inc allocates approximately 60% of expenses to program services, 20% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Reading Ice Arena Authority Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Reading Ice Arena Authority Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Reading Ice Arena Authority Inc?
The following concerns were identified: No external audit fees reported, indicating potential reliance on internal controls.. Funding for programs consistently exceeds 50% of total expenses, highlighting a strong focus on mission.. Administrative costs are kept under 30% of total expenses, suggesting efficient operations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Reading Ice Arena Authority Inc's strengths?
Positive indicators for Reading Ice Arena Authority Inc include: Consistent program funding: Over 60% of expenses consistently allocated to programs, ensuring resources are directed towards the mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Reading Ice Arena Authority Inc compensate executives?
Executive compensation remains at a modest level, reflecting the nonprofit's commitment to fiscal responsibility. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Reading Ice Arena Authority Inc?
1. Detailed breakdown of expenses by category. 2. Clear distinction between program, administrative, and fundraising costs. 3. No external audit fees reported, suggesting reliance on internal controls. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization ensure the accuracy of its financial reporting?
The organization does not report any external audit fees, suggesting a reliance on internal controls for financial accuracy and transparency.
What percentage of the organization's budget is allocated to administrative costs?
Administrative costs account for approximately 20% of the total budget, indicating efficient management and a focus on mission-critical activities.
Can you explain the organization's fundraising strategy?
The organization does not incur any fundraising costs, focusing instead on leveraging internal resources and community support to fund its programs.
Filing History
IRS 990 filing history for Reading Ice Arena Authority Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reading Ice Arena Authority Inc's revenue has grown by 27.8%, moving from $775K to $990K. Total assets decreased by 25.1% over the same period, from $1.0M to $754K. Total functional expenses rose by 5.4%, from $970K to $1.0M. In its most recent filing year (2023), Reading Ice Arena Authority Inc reported a deficit of $32K, with expenses exceeding revenue. The organization holds $174K in liabilities against $754K in assets (debt-to-asset ratio: 23.1%), resulting in net assets of $580K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $990K | $1.0M | $754K | $174K | — | — |
| 2022 | $892K | $892K | $697K | $85K | — | View 990 |
| 2021 | $754K | $716K | $662K | $50K | — | View 990 |
| 2020 | $712K | $781K | $665K | $92K | — | View 990 |
| 2019 | $890K | $917K | $750K | $108K | — | View 990 |
| 2018 | $853K | $818K | $731K | $61K | — | View 990 |
| 2017 | $862K | $852K | $771K | $137K | — | View 990 |
| 2016 | $846K | $811K | $723K | $99K | — | View 990 |
| 2015 | $819K | $726K | $574K | $30K | — | View 990 |
| 2014 | $816K | $999K | $694K | $239K | — | View 990 |
| 2013 | $769K | $935K | $759K | $122K | — | View 990 |
| 2012 | $820K | $976K | $992K | $188K | — | View 990 |
| 2011 | $775K | $970K | $1.0M | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $990K, expenses of $1.0M, and assets of $754K (revenue +10.9% year-over-year).
- 2022: Revenue of $892K, expenses of $892K, and assets of $697K (revenue +18.4% year-over-year).
- 2021: Revenue of $754K, expenses of $716K, and assets of $662K (revenue +5.8% year-over-year).
- 2020: Revenue of $712K, expenses of $781K, and assets of $665K (revenue -20.0% year-over-year).
- 2019: Revenue of $890K, expenses of $917K, and assets of $750K (revenue +4.4% year-over-year).
- 2018: Revenue of $853K, expenses of $818K, and assets of $731K (revenue -1.1% year-over-year).
- 2017: Revenue of $862K, expenses of $852K, and assets of $771K (revenue +1.9% year-over-year).
- 2016: Revenue of $846K, expenses of $811K, and assets of $723K (revenue +3.3% year-over-year).
- 2015: Revenue of $819K, expenses of $726K, and assets of $574K (revenue +0.4% year-over-year).
- 2014: Revenue of $816K, expenses of $999K, and assets of $694K (revenue +6.1% year-over-year).
- 2013: Revenue of $769K, expenses of $935K, and assets of $759K (revenue -6.2% year-over-year).
- 2012: Revenue of $820K, expenses of $976K, and assets of $992K (revenue +5.8% year-over-year).
- 2011: Revenue of $775K, expenses of $970K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reading Ice Arena Authority Inc:
Data Sources and Methodology
This transparency report for Reading Ice Arena Authority 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.