Fergus Falls Hockey Association

Analysis

Fergus Falls Hockey Association is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in March 1972, 54 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 April 2023, Fergus Falls Hockey Association reported income of $547k and spending of $517k, spending 94% of its income. Across the 4 years on record, from April 2020 to April 2023, income fell from $548k to $547k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to April 2022, when income dropped by 26%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fergus Falls Hockey Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include St Peters Lutheran Church Foundation ($547k), Literacy Together ($548k) and Evergreen Montessori Inc ($547k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 47% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $13k (2.5% of expenses). Other salaries and wages came to $7,950. At year end it held assets of $942k against liabilities of $0, net assets of $942k. It reported 8 employees.