Massachusetts Hockey Inc

Analysis

Massachusetts Hockey Inc is a registered charity in United States, based in Duxbury, MA. It received its IRS tax-exemption ruling in February 1992, 34 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, Massachusetts Hockey Inc reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.6m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Massachusetts Hockey Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Kinnelon Hockey Club Inc ($1.6m), Golden Slipper Club Camp ($1.6m) and Premier Basketball Club ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $153k (9.7% of expenses). Other salaries and wages came to $97k. At year end it held assets of $2.0m against liabilities of $392k, net assets of $1.6m. It reported 4 employees.