Kalamazoo Optimist Hockey Association Inc

Analysis

Kalamazoo Optimist Hockey Association Inc is a registered charity in United States, based in Portage, MI. It received its IRS tax-exemption ruling in June 1984, 42 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, Kalamazoo Optimist Hockey Association Inc reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.0m to $1.4m (+36%), an average of +8.1% a year. The sharpest change came in the year to May 2022, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kalamazoo Optimist Hockey Association Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Crestmont School Inc ($1.4m), Life Skills Training Center Inc ($1.4m) and Wisconsin Rapids Family Center Inc ($1.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.1% and program service revenue 89% of the total. Other salaries and wages came to $317k. At year end it held assets of $816k against liabilities of $10k, net assets of $806k. It reported 20 employees.