Minnesota Hockey Inc

Analysis

Minnesota Hockey Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 1968, 58 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, Minnesota Hockey Inc reported income of $4.1m and spending of $4.7m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.4m to $4.1m (+22%), an average of +5.0% a year. The sharpest change came in the year to August 2021, when income rose by 74%. 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, Minnesota Hockey Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Thurston Economic Development Council Center for Business & Inno ($4.1m), Ice Age Trail Alliance ($4.1m) and Grandview Foundation Inc ($4.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $165k (3.5% of expenses). Other salaries and wages came to $362k. At year end it held assets of $3.3m against liabilities of $1.0m, net assets of $2.3m. It reported 4 employees.