Park Rapids Amateur Hockey Association Inc

Analysis

Park Rapids Amateur Hockey Association Inc is a registered charity in United States, based in Park Rapids, MN. It received its IRS tax-exemption ruling in August 1985, 41 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 2024, Park Rapids Amateur Hockey Association Inc reported income of $508k and spending of $410k, spending 81% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $169k to $508k (+200%), an average of +25% a year. The sharpest change came in the year to March 2023, when income rose by 75%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Park Rapids Amateur Hockey Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Iowa SCTP ($508k), Sacramento North Soccer ($508k) and St Paul Figure Skating Club Inc ($508k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 42% and program service revenue 11% of the total. Other salaries and wages came to $53k. At year end it held assets of $645k against liabilities of $2,856, net assets of $643k. It reported 10 employees.