Viroqua Hockey Association Inc

Analysis

Viroqua Hockey Association Inc is a registered charity in United States, based in Viroqua, WI. It received its IRS tax-exemption ruling in June 1991, 35 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 April 2023, Viroqua Hockey Association Inc reported income of $242k and spending of $246k, spending 101% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $174k to $242k (+39%), an average of +8.7% a year. The sharpest change came in the year to April 2022, when income rose by 39%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Viroqua Hockey Association Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include Gwinnett Municipal Association Inc ($242k), Little League Baseball Inc ($243k) and Cape May County Animal Welfare Society Inc ($242k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 26% and program service revenue 18% of the total. Other salaries and wages came to $60k. At year end it held assets of $486k against liabilities of $1,356, net assets of $485k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.