River Lakes Hockey Inc

Analysis

River Lakes Hockey Inc is a registered charity in United States, based in Paynesville, MN. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, River Lakes Hockey Inc reported income of $525k and spending of $446k, spending 85% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $306k to $525k (+71%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 118%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, River Lakes Hockey Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include New Lehrhaus the Bay Area Hub for Adult Jewish Learning ($524k), National Cyber Scholarship Foundation ($525k) and Jericho Foundation Inc ($524k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 60% of the total. Other salaries and wages came to $23k. At year end it held assets of $377k against liabilities of $538, net assets of $376k.