Hanover Athletic Assoc

Analysis

Hanover Athletic Assoc is a registered charity in United States, based in Rogers, MN. It received its IRS tax-exemption ruling in October 1997, 29 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 December 2023, Hanover Athletic Assoc reported income of $52k and spending of $53k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $766 to $52k (+6716%), an average of +187% a year. The sharpest change came in the year to December 2020, when income rose by 9369%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hanover Athletic Assoc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Athletes Soul Inc ($52k), Shaker Rowing Association Inc ($52k) and Ashburn Farm Barracudas Swim Team Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $458k against liabilities of $85k, net assets of $373k. It reported 23 employees.