Mighty Penguins Sled Hockey

Analysis

Mighty Penguins Sled Hockey is a registered charity in United States, based in Cranberry TWP, PA. It received its IRS tax-exemption ruling in March 2011, 15 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 June 2023, Mighty Penguins Sled Hockey reported income of $229k and spending of $226k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $185k to $229k (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 101%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mighty Penguins Sled Hockey sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Westside Soccer Club ($229k), Bowling Green Youth Hockey Association ($229k) and Wisconsin Inspire Cooperative Inc ($229k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $106k against liabilities of $28k, net assets of $78k.