Olean Area Youth Hockey Association

Analysis

Olean Area Youth Hockey Association is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in April 2008, 18 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 May 2024, Olean Area Youth Hockey Association reported income of $90k and spending of $89k, spending 99% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $91k to $90k (-1.1%), an average of -1.1% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Olean Area Youth Hockey Association sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Highland Recreation Association Inc ($90k), Guilderland Boys Youth Lacrosse ($90k) and South Texas Afghanistan Iraq Veterans Association ($90k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 4.3% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.