Hibbing-Chisholm Youth Hockey Association

Analysis

Hibbing-Chisholm Youth Hockey Association is a registered charity in United States, based in Hibbing, MN. It received its IRS tax-exemption ruling in September 1983, 43 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 May 2023, Hibbing-Chisholm Youth Hockey Association reported income of $324k and spending of $373k, spending 115% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $349k to $324k (-7.1%), an average of -1.8% a year. The sharpest change came in the year to May 2022, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hibbing-Chisholm Youth Hockey Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Council for Drug Free Youth ($324k), National Guard Conference Corporation of Hawaii Inc ($324k) and Manti Ambulance Association ($324k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.6% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $16k (4.3% of expenses). Other salaries and wages came to $32k. At year end it held assets of $302k against liabilities of $197, net assets of $301k. It reported 21 employees.