Prior Lake Hockey

Analysis

Prior Lake Hockey is a registered charity in United States, based in Prior Lake, MN. It received its IRS tax-exemption ruling in November 1976, 50 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 March 2023, Prior Lake Hockey reported income of $500k and spending of $512k, spending 103% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $436k to $500k (+15%), an average of +3.5% a year. The sharpest change came in the year to March 2022, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Prior Lake Hockey sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Mason City Youth Hockey Association Inc ($500k), East County Hot Shots ($500k) and Fresno Junior Hockey Club ($499k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. At year end it held assets of $396k against liabilities of $0, net assets of $396k. It reported 18 employees.