New Rochelle Lightning Hockey Inc

Analysis

New Rochelle Lightning Hockey Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in May 1994, 32 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 August 2023, New Rochelle Lightning Hockey Inc reported income of $263k and spending of $338k, spending 128% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $643k to $263k (-59%), an average of -20% a year. The sharpest change came in the year to August 2021, when income rose by 252%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Rochelle Lightning Hockey Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Cyo of Greater Dayton ($263k), Meher Fund Inc ($263k) and Torrey Pines Elementary School Foundation ($263k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $246k against liabilities of $124k, net assets of $122k.