Virginia Express Hockey Club

Analysis

Virginia Express Hockey Club is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in August 2009, 17 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, Virginia Express Hockey Club reported income of $1.6m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.2m to $1.6m (+35%), an average of +7.7% a year. The sharpest change came in the year to March 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Express Hockey Club 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 85th percentile within VA. Charities of a similar size with the same main cause include St Louis Prospects Hockey Club ($1.6m), Union Sacramento FC ($1.6m) and North County Coast Friday Night Lights ($1.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $233k. At year end it held assets of $357k against liabilities of $139k, net assets of $218k.