Hermantown Amateur Hockey Association Inc

Analysis

Hermantown Amateur Hockey Association Inc is a registered charity in United States, based in Hermantown, MN. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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, Hermantown Amateur Hockey Association Inc reported income of $448k and spending of $450k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $197k to $448k (+128%), an average of +23% a year. The sharpest change came in the year to August 2021, when income rose by 121%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hermantown Amateur Hockey Association Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Aicpa Benevolent Fund Inc ($448k), Volunteers of America Inc ($448k) and Millwood School District Enrichment Foundation ($448k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.7% and program service revenue 101% of the total. At year end it held assets of $465k against liabilities of $1,291, net assets of $464k. It reported 11 employees.