Forest Lake Hockey Association

Analysis

Forest Lake Hockey Association is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in July 2018, 8 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 April 2024, Forest Lake Hockey Association reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $696k to $1.1m (+57%), an average of +9.5% a year. The sharpest change came in the year to April 2022, when income rose by 45%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Forest Lake Hockey Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Winthrop Athletic Complex Committee ($1.1m), All Star Aquatics ($1.1m) and Karate for Christ International Inc ($1.1m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 6.3% and program service revenue 75% of the total. At year end it held assets of $182k against liabilities of $330, net assets of $182k.