Pride Hockey Association Inc

Analysis

Pride Hockey Association Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in November 2001, 25 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 December 2023, Pride Hockey Association Inc reported income of $779k and spending of $854k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $954k to $779k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pride Hockey Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Broomfield Barracudas Swim Club ($779k), Team Carolina Hockey Association Inc ($780k) and San Francisco Little League ($779k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $146k (17% of expenses). At year end it held assets of $123k against liabilities of $134k, net assets of -$11k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.