Putnam Hockey Association

Analysis

Putnam Hockey Association is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in January 2004, 22 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, Putnam Hockey Association reported income of $184k and spending of $190k, spending 103% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $177k to $184k (+3.6%), an average of +3.6% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Putnam Hockey Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Manitowoc Youth Baseball Softball Ltd ($184k), Peabody Youth Soccer Assoc Inc ($184k) and Quassapaug Sailing Center Inc ($184k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 2.3% and program service revenue 5.5% of the total. At year end it held assets of $229k against liabilities of $54k, net assets of $176k.