Hanover Hockey Association Inc

Analysis

Hanover Hockey Association Inc is a registered charity in United States, based in Hanover, NH. It received its IRS tax-exemption ruling in February 1970, 56 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 March 2023, Hanover Hockey Association Inc reported income of $283k and spending of $344k, spending 122% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $330k to $283k (-14%), an average of -4.9% a year. The sharpest change came in the year to March 2021, when income dropped by 38%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hanover Hockey Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within NH. Charities of a similar size with the same main cause include Rocky Mountain Football Association Incorpration ($283k), Cove Communities Youth Soccer Association ($283k) and Strikers Soccer Club ($283k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.0% and program service revenue 99% of the total. At year end it held assets of $112k against liabilities of $20k, net assets of $92k.