Kinnelon Hockey Club Inc

Analysis

Kinnelon Hockey Club Inc is a registered charity in United States, based in Kinnelon, NJ. It received its IRS tax-exemption ruling in December 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kinnelon Hockey Club Inc reported income of $1.6m and spending of $1.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kinnelon Hockey Club Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Premier Basketball Club ($1.6m), Massachusetts Hockey Inc ($1.6m) and Youth Sports Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $165k (12% of expenses). At year end it held assets of $851k against liabilities of $123k, net assets of $728k. It reported 3 employees.