Minnetonka Youth Hockey Association

Analysis

Minnetonka Youth Hockey Association is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in August 1971, 55 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Minnetonka Youth Hockey Association reported income of $2.8m and spending of $2.6m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $2.8m (+32%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnetonka Youth Hockey Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include West Tennessee Public TV Council Inc ($2.8m), Lights and Sounds Collective Inc ($2.8m) and Indiana Latino Institute Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 76% of the total. Other salaries and wages came to $369k. At year end it held assets of $11.1m against liabilities of $3.2m, net assets of $7.9m. It reported 32 employees.