Team Illinois Hockey Club

Analysis

Team Illinois Hockey Club is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in March 1994, 32 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 June 2023, Team Illinois Hockey Club reported income of $3.1m and spending of $3.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.1m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Illinois Hockey Club sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Chargers Soccer Club Inc ($3.1m), Special Olympics Nebraska Inc ($3.1m) and Women Leaders in Sports ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $21k (0.7% of expenses). At year end it held assets of $1.5m against liabilities of $1.3m, net assets of $108k.