Shoreline Sharks Youth Hockey Inc

Analysis

Shoreline Sharks Youth Hockey Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in August 2010, 16 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 March 2023, Shoreline Sharks Youth Hockey Inc reported income of $474k and spending of $487k, spending 103% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $361k to $474k (+31%), an average of +7.0% a year. The sharpest change came in the year to March 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shoreline Sharks Youth Hockey Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Fort Lee Soccer League ($474k), Fargo Metro Baseball Association ($474k) and Grass Hoppers Sports Inc ($474k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.