Falcons Hockey Association

Analysis

Falcons Hockey Association is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in January 1973, 53 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 May 2023, Falcons Hockey Association reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $2.6m to $2.4m (-7.4%), an average of -1.9% a year. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Falcons Hockey Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Governors Island Alliance Inc ($2.4m), Camp Roger ($2.4m) and Chancellors Family Center ($2.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $173k (7.4% of expenses). Other salaries and wages came to $585k. At year end it held assets of $197k against liabilities of $236k, net assets of -$40k. It reported 40 employees.