Fargo Angels Hockey Club

Analysis

Fargo Angels Hockey Club is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in December 2004, 22 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 June 2023, Fargo Angels Hockey Club reported income of $307k and spending of $231k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $207k to $307k (+49%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fargo Angels Hockey Club sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 57th percentile within ND. Charities of a similar size with the same main cause include Lake Region Baseball Boosters ($307k), Pend Oreille Pedalers ($307k) and Dreem Makers Inc ($307k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 42% of the total. Other salaries and wages came to $23k. At year end it held assets of $3.2m against liabilities of $3.0m, net assets of $193k. It reported 4 employees.