Newark Ice Hockey Assoc

Analysis

Newark Ice Hockey Assoc is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in April 1996, 30 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 May 2024, Newark Ice Hockey Assoc reported income of $407k and spending of $398k, spending 98% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $350k to $407k (+16%), an average of +3.0% a year. The sharpest change came in the year to May 2024, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newark Ice Hockey Assoc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Bloomington Youth Hockey Inc ($406k), Upper Arlington Crew Inc ($407k) and Ultimook ($406k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. At year end it held assets of $107k against liabilities of $31k, net assets of $75k.