Hockey in New Jersey Inc

Analysis

Hockey in New Jersey Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in February 2009, 17 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 December 2023, Hockey in New Jersey Inc reported income of $371k and spending of $227k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $371k (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hockey in New Jersey Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include High Plains Drifters Soccer Club Inc ($371k), Greater West U Area Sportsassociation ($371k) and Dane County Fair Association Corporation ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $64k (28% of expenses). Other salaries and wages came to $51k. At year end it held assets of $363k against liabilities of $630, net assets of $362k. It reported 12 employees.