Lakeland Hawks Ice Association Inc

Analysis

Lakeland Hawks Ice Association Inc is a registered charity in United States, based in Minocqua, WI. It received its IRS tax-exemption ruling in February 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 March 2023, Lakeland Hawks Ice Association Inc reported income of $232k and spending of $206k, spending 89% of its income. Across the 3 years on record, from March 2019 to March 2023, income fell from $275k to $232k (-15%), an average of -8.0% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeland Hawks Ice Association Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within WI. Charities of a similar size with the same main cause include Doorae Community Movement ($232k), Northwest Turfgrass Association ($232k) and Trustees of Purdue University ($232k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 34% and program service revenue 45% of the total. Other salaries and wages came to $8,840. At year end it held assets of $1.0m against liabilities of $214k, net assets of $797k. It reported 2 employees.