Hastings Hockey Boosters Inc

Analysis

Hastings Hockey Boosters Inc is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in May 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 June 2023, Hastings Hockey Boosters Inc reported income of $483k and spending of $501k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $437k to $483k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hastings Hockey Boosters Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Ottauquechee Health Foundation Inc ($483k), 4-H Club Corporation Clark County County Extension Office ($483k) and Zion Hill Apartments Inc ($483k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.