Masconomet Youth Hockey Association Inc

Analysis

Masconomet Youth Hockey Association Inc is a registered charity in United States, based in Topsfield, MA. It received its IRS tax-exemption ruling in August 2015, 11 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 June 2023, Masconomet Youth Hockey Association Inc reported income of $383k and spending of $389k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $259k to $383k (+48%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Masconomet Youth Hockey Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Wabash Valley Family Sports Center Inc ($383k), United States Dragon Boat Federation ($383k) and Frederick Area Swim Team Inc ($383k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 92% of the total. At year end it held assets of $249k against liabilities of $116k, net assets of $133k.