Madison Capitols Hockey Assoc Ltd

Analysis

Madison Capitols Hockey Assoc Ltd is a registered charity in United States, based in Middleton, WI. It received its IRS tax-exemption ruling in September 1985, 41 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 June 2023, Madison Capitols Hockey Assoc Ltd reported income of $1.2m and spending of $1.5m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $852k to $1.2m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Capitols Hockey Assoc Ltd sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Mount St James Housing Development Fund Company Inc ($1.2m), Kennebec Montessori School ($1.2m) and Art League of Ocean City Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $88k (5.9% of expenses). Other salaries and wages came to $160k. At year end it held assets of $18k against liabilities of $293k, net assets of -$275k. It reported 33 employees.