Northboro Youth Hockey Program Inc

Analysis

Northboro Youth Hockey Program Inc is a registered charity in United States, based in Westboro, MA. It received its IRS tax-exemption ruling in March 1977, 49 years ago. 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, Northboro Youth Hockey Program Inc reported income of $2.6m and spending of $2.4m, spending 92% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $2.5m to $2.6m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to May 2021, when income dropped by 19%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northboro Youth Hockey Program Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Muskingum Economic Opportunity Action Group Inc ($2.6m), Pennyroyal Hospice Inc ($2.6m) and Milwaukee Youth Symphony Orchestra Inc ($2.6m).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $168k (6.9% of expenses). Other salaries and wages came to $635k. At year end it held assets of $6.3m against liabilities of $1.3m, net assets of $5.0m. It reported 23 employees.