Elk River Youth Hockey Association Inc

Analysis

Elk River Youth Hockey Association Inc is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in July 1972, 54 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 May 2024, Elk River Youth Hockey Association Inc reported income of $1.1m and spending of $1.4m, spending 123% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $799k to $1.1m (+39%), an average of +6.9% a year. The sharpest change came in the year to May 2021, when income rose by 61%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elk River Youth Hockey Association Inc 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 80th percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Ucom-Urbanserv Inc ($1.1m), Hitchcock Center for the Environment Inc ($1.1m) and Teaneck Volunteer Ambulance Corps ($1.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 55% and program service revenue 50% of the total. At year end it held assets of $372k against liabilities of $72k, net assets of $300k. It reported 35 employees.