Hodag Sports Club

Analysis

Hodag Sports Club is a registered charity in United States, based in Rhinelander, WI. It received its IRS tax-exemption ruling in August 1982, 44 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 December 2023, Hodag Sports Club reported income of $626k and spending of $208k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $626k (+352%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 309%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hodag Sports Club sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include The Liriodendron Foundation Inc ($626k), Fisher-Titus Foundation ($626k) and Interfaith Ministries Inc of Calhoun County Alabama ($626k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 0.6% of the total. Other salaries and wages came to $52k. At year end it held assets of $5.1m against liabilities of $48k, net assets of $5.1m. It reported 4 employees.