Long Island Royals Junior Hockey Club Inc

Analysis

Long Island Royals Junior Hockey Club Inc is a registered charity in United States, based in Kings Park, NY. It received its IRS tax-exemption ruling in December 1993, 33 years ago. 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 December 2023, Long Island Royals Junior Hockey Club Inc reported income of $1.5m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Long Island Royals Junior Hockey Club Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Wheat Marketing Center Inc ($1.5m), Moraine Park Foundation Inc ($1.5m) and Bethel Colony of Mercy Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $150k. At year end it held assets of $1.1m against liabilities of $41k, net assets of $1.0m. It reported 2 employees.