Garnet Valley Ice Hockey Club Inc

Analysis

Garnet Valley Ice Hockey Club Inc is a registered charity in United States, based in Garnet Valley, PA. It received its IRS tax-exemption ruling in February 2019, 7 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 April 2024, Garnet Valley Ice Hockey Club Inc reported income of $78k and spending of $92k, spending 119% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income grew from $64k to $78k (+22%), an average of +22% a year. The sharpest change came in the year to April 2024, when income rose by 22%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Garnet Valley Ice Hockey Club Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include Moorhead Crush Fastpitch ($77k), Universal Fastpitch ($78k) and Columbus Youth Football Organization ($77k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. At year end it held assets of $21k against liabilities of $17k, net assets of $4,018.