Waseca Hockey Association Inc

Analysis

Waseca Hockey Association Inc is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in July 1978, 48 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, Waseca Hockey Association Inc reported income of $154k and spending of $266k, spending 173% of what it took in. Across the 3 years on record, from April 2020 to April 2023, income fell from $248k to $154k (-38%), an average of -21% a year. The sharpest change came in the year to April 2023, when income dropped by 44%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waseca Hockey Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Mercaz-The Movement to Reaffirm Conservative Zionism Inc ($154k), Coast Guard Tactical Law Enforcement Foundation Inc ($154k) and Rungr Com ($154k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 20% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $4,000 (1.5% of expenses). At year end it held assets of $291k against liabilities of $5,236, net assets of $285k. It reported 17 employees.