Andover Hockey Association Inc

Analysis

Andover Hockey Association Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in November 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 June 2024, Andover Hockey Association Inc reported income of $929k and spending of $967k, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $926k to $929k (+0.4%), an average of +0.1% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Andover Hockey Association Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Austin Institute for the Study of Family and Culture ($929k), Hill Country Youth Ranch Foundation ($929k) and Gottschalk Foundation Inc ($929k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. At year end it held assets of $1.4m against liabilities of $368k, net assets of $1.0m.