Natick Comets Hockey Club Inc

Analysis

Natick Comets Hockey Club Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in December 1968, 58 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 August 2023, Natick Comets Hockey Club Inc reported income of $707k and spending of $687k, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $552k to $707k (+28%), an average of +6.4% a year. The sharpest change came in the year to August 2021, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Natick Comets Hockey Club Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Stephen J Wampler Foundation Inc ($707k), Camp on Wheels Inc ($707k) and North Bay Aquatics ($707k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.9% and program service revenue 92% of the total. At year end it held assets of $715k against liabilities of $527k, net assets of $189k.