McFarland Hockey Inc

Analysis

McFarland Hockey Inc is a registered charity in United States, based in McFarland, WI. It received its IRS tax-exemption ruling in December 2014, 12 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 July 2023, McFarland Hockey Inc reported income of $904k and spending of $760k, spending 84% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $355k to $904k (+155%), an average of +26% a year. The sharpest change came in the year to July 2023, when income rose by 57%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, McFarland Hockey Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include The Cincinnati International Wine Festival Inc ($903k), Centex Volleyball Club Inc ($904k) and J Babe Stearn Community Center ($903k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.0% and program service revenue 92% of the total. Other salaries and wages came to $148k. At year end it held assets of $1.2m against liabilities of $12k, net assets of $1.2m. It reported 7 employees.