Malone Minor Hockey Assoc Inc

Analysis

Malone Minor Hockey Assoc Inc is a registered charity in United States, based in Malone, NY. It received its IRS tax-exemption ruling in March 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 June 2024, Malone Minor Hockey Assoc Inc reported income of $472k and spending of $497k, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $202k to $472k (+134%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Malone Minor Hockey Assoc Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Wildlife Rescue Center of Napa County ($472k), Ivy Community Foundation Inc ($472k) and Little League Baseball Inc ($472k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $104k (21% of expenses). At year end it held assets of $30k against liabilities of $0, net assets of $30k. It reported 9 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.