Casco Bay Hockey Assn

Analysis

Casco Bay Hockey Assn is a registered charity in United States, based in Falmouth, ME. It received its IRS tax-exemption ruling in February 1974, 52 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Casco Bay Hockey Assn reported income of $845k and spending of $933k, spending 110% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income grew from $790k to $845k (+6.9%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Casco Bay Hockey Assn sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within ME. Charities of a similar size with the same main cause include Rose City Rowing Club ($845k), Good Earth Village ($846k) and Flood City Boxing Academy Inc ($844k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $17k (1.8% of expenses). At year end it held assets of $334k against liabilities of $129k, net assets of $204k.