Needham Youth Hockey Association

Analysis

Needham Youth Hockey Association is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in November 1997, 29 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, Needham Youth Hockey Association reported income of $592k and spending of $526k, spending 89% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $419k to $592k (+41%), an average of +7.2% a year. The sharpest change came in the year to May 2024, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Needham Youth Hockey Association 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 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Recreation Wish List Committee of Washington D C ($592k), Parkland Lacrosse Inc ($592k) and North Georgia Agricultural Fair Inc ($592k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 2.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $16k (3.1% of expenses). At year end it held assets of $333k against liabilities of $287k, net assets of $46k.