Palmyra Area Minor Hockey Association

Analysis

Palmyra Area Minor Hockey Association is a registered charity in United States, based in Annville, PA. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Palmyra Area Minor Hockey Association reported income of $87k and spending of $491k, spending 566% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $934k to $87k (-91%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Palmyra Area Minor Hockey Association sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within PA. Charities of a similar size with the same main cause include Golden Eagle Wrestling Club of Colorado ($87k), Kamos Kids Inc ($87k) and Waverly-Shell Rock Boys Basketball Club ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.