Hanover Area Youth Hockey Inc

Analysis

Hanover Area Youth Hockey Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in December 2023, 3 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 July 2024, Hanover Area Youth Hockey Inc reported income of $108k and spending of $54k, leaving 50% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $47k to $108k (+132%), an average of +24% a year. The sharpest change came in the year to July 2024, when income rose by 149%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hanover Area Youth Hockey Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Petersham Curling Club Inc ($108k), Waldwick Junior Football Association ($108k) and Bona Fide Bellevue Inc ($108k).

At year end it held assets of $70k against liabilities of $0, net assets of $70k.