Fargo Hockey Association

Analysis

Fargo Hockey Association is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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 2023, Fargo Hockey Association reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.9m to $1.8m (-4.6%), an average of -1.2% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fargo Hockey Association sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ND. Charities of a similar size with the same main cause include Chebeague Transportation Co ($1.8m), North Coast Rape Crisis Team ($1.8m) and Trans-National Association of Christian Schools ($1.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.6% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $117k (6.1% of expenses). Other salaries and wages came to $323k. At year end it held assets of $4.2m against liabilities of $3.0m, net assets of $1.1m. It reported 25 employees.