Team Maryland Ice Hockeyorganization Inc

Analysis

Team Maryland Ice Hockeyorganization Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Team Maryland Ice Hockeyorganization Inc reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $789k to $1.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to March 2021, when income rose by 92%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Team Maryland Ice Hockeyorganization Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include The Jesse Helms Center Foundation ($1.0m), Cumberland Community Development Center Incorporated ($1.0m) and Protectors of Companion Animals Inc ($1.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. At year end it held assets of $130k against liabilities of $117k, net assets of $13k.