Friends of Marblehead Hockey Inc

Analysis

Friends of Marblehead Hockey Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Marblehead Hockey Inc reported income of $295k and spending of $23k, leaving 92% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $8,700 to $295k (+3294%), an average of +3294% a year. The sharpest change came in the year to December 2023, when income rose by 3294%. Over the whole period it spent 11% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Marblehead Hockey Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Impact 100 Greater Sacramento ($295k), Te Doy Foundation ($295k) and Columbus Hope Foundations Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $323k against liabilities of $0, net assets of $323k.