Somerville Youth Hockey Association Inc

Analysis

Somerville Youth Hockey Association Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in December 2023, 3 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 April 2024, Somerville Youth Hockey Association Inc reported income of $217k and spending of $190k, spending 88% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $193k to $217k (+12%), an average of +2.9% a year. The sharpest change came in the year to April 2023, when income rose by 63%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Somerville Youth Hockey Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Berkeley Heights Youth Soccer Club Inc ($217k), Open Roads Bike Program ($217k) and Bellport Bay Sailing Foundaton Inc ($216k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.