Wellesley Youth Hockey Association Inc

Analysis

Wellesley Youth Hockey Association Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in September 1996, 30 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 May 2023, Wellesley Youth Hockey Association Inc reported income of $849k and spending of $901k, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $737k to $849k (+15%), an average of +3.6% a year. The sharpest change came in the year to May 2022, when income rose by 29%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wellesley Youth Hockey Association Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Princeton Youth Hockey Association Inc ($849k), Omaha Suburban Athletic Association Inc ($850k) and Crofton Athletic Council Inc ($848k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.1% and program service revenue 81% of the total. Other salaries and wages came to $37k. At year end it held assets of $180k against liabilities of $249k, net assets of -$69k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.