Cape Ann Youth Hockey Association Inc

Analysis

Cape Ann Youth Hockey Association Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in June 2023, 3 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 June 2023, Cape Ann Youth Hockey Association Inc reported income of $233k and spending of $324k, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $245k to $233k (-5.1%), an average of -1.7% a year. Over the whole period it spent 122% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cape Ann Youth Hockey Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Urban Surf 4 Kids Org ($233k), Northeast High School Athletic Boosters Club Inc ($233k) and Jonesboro Baseball Boosters Inc ($233k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $142k against liabilities of $271k, net assets of -$129k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.