Glen Avon Hockey Club

Analysis

Glen Avon Hockey Club is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in May 1986, 40 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 August 2023, Glen Avon Hockey Club reported income of $829k and spending of $846k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $456k to $829k (+82%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 56%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glen Avon Hockey Club sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Hope Harbor Home Inc ($829k), The Apple School ($829k) and Alameda Hospital Foundation ($829k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.9% and program service revenue 5.2% of the total. At year end it held assets of $202k against liabilities of $5,071, net assets of $197k. It reported 8 employees.