Hockey East

Analysis

Hockey East is a registered charity in United States, based in Amesbury, MA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hockey East reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.0m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hockey East sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Wissahickon Skating Club ($2.0m), Western Pennsylvania Interscholastic Hockey League ($2.0m) and Spokane Valley Hub ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $301k (15% of expenses). Other salaries and wages came to $142k. At year end it held assets of $1.4m against liabilities of $44k, net assets of $1.3m. It reported 5 employees.