Petoskey Area Hockey Association

Analysis

Petoskey Area Hockey Association is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in January 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Petoskey Area Hockey Association reported income of $176k and spending of $147k, spending 84% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $149k to $176k (+18%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Petoskey Area Hockey Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Milton Youth Football and Cheer Inc ($176k), Kidney Donor Athletes Inc ($176k) and Sunset Empire Park & Recreation District Foundation ($176k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 59% and program service revenue 38% of the total. At year end it held assets of $161k against liabilities of $0, net assets of $161k.