Edina Hockey Association

Analysis

Edina Hockey Association is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in June 1977, 49 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 May 2023, Edina Hockey Association reported income of $1.7m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.7m to $1.7m (-1.8%), an average of -0.5% a year. The sharpest change came in the year to May 2022, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Edina Hockey Association sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Colusa County Fair Foundation ($1.7m), Indy Pride Inc ($1.7m) and Kasparov Chess Foundation Inc ($1.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. At year end it held assets of $802k against liabilities of $235k, net assets of $567k.