Premier Hockey League of New England Inc

Analysis

Premier Hockey League of New England Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Premier Hockey League of New England Inc reported income of $349k and spending of $330k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $349k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Premier Hockey League of New England Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include All American Athlete Inc ($349k), New Mexico Wrangler Division Junior High School Rodeo Association ($349k) and World Book Bank Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $131k (40% of expenses). At year end it held assets of $152k against liabilities of $0, net assets of $152k. It reported 5 employees.