Falmouth Youth Hockey League Inc

Analysis

Falmouth Youth Hockey League Inc is a registered charity in United States, based in East Falmouth, MA. It received its IRS tax-exemption ruling in January 1967, 59 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 2023, Falmouth Youth Hockey League Inc reported income of $1.1m and spending of $1.2m, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.1m to $1.1m (-1.8%), an average of -0.4% a year. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Falmouth Youth Hockey League Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include John Austin Cheley Foundation ($1.1m), Creeks Athletic Association Inc ($1.1m) and Wichita Swim Club ($1.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.9% and program service revenue 88% of the total. Other salaries and wages came to $273k. At year end it held assets of $7.1m against liabilities of $2.6m, net assets of $4.6m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.