The New Jersey Titans Hockey Club Inc

Analysis

The New Jersey Titans Hockey Club Inc is a registered charity in United States, based in Wall Township, NJ. It received its IRS tax-exemption ruling in October 2005, 21 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 March 2024, The New Jersey Titans Hockey Club Inc reported income of $7.9m and spending of $7.7m, spending 98% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $2.1m to $7.9m (+278%), an average of +30% a year. The sharpest change came in the year to March 2022, when income rose by 50%. Over the whole period it spent 126% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The New Jersey Titans Hockey Club Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Minnesota State High School League ($7.9m), Maccabi USA Inc ($7.9m) and Norris Penrose Legacy Foundation ($7.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $12.1m against liabilities of $19.6m, net assets of -$7.5m.