Parma Hockey Assn Inc

Analysis

Parma Hockey Assn Inc is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in February 2016, 10 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, Parma Hockey Assn Inc reported income of $288k and spending of $265k, spending 92% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $209k to $288k (+38%), an average of +11% a year. The sharpest change came in the year to May 2021, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parma Hockey Assn Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Ceredo Kenova Community Center Inc ($288k), Jessamine County Youth Baseball Inc ($288k) and Lavaca Exposition Association ($288k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.