Reynolds Hockey Academy

Analysis

Reynolds Hockey Academy is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in October 2019, 7 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reynolds Hockey Academy reported income of $262k and spending of $238k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $262k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reynolds Hockey Academy sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Sew Productions Inc ($262k), Sargent Shriver Peace Inistitute ($262k) and Beaver Area School District Education Foundation ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $117k (49% of expenses). At year end it held assets of $77k against liabilities of $0, net assets of $77k.