Inver Grove Heights Hockey Association

Analysis

Inver Grove Heights Hockey Association is a registered charity in United States, based in Inver Grove, MN. It received its IRS tax-exemption ruling in November 1985, 41 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, Inver Grove Heights Hockey Association reported income of $335k and spending of $326k, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $327k to $335k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to May 2022, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inver Grove Heights Hockey Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include United Way of Coshocton County Inc ($335k), National Caucas & Center on Black Aged Housing Services for N C ($335k) and Sacred Heart Catholic School TR ($335k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.2% and program service revenue 86% of the total. At year end it held assets of $227k against liabilities of $7,213, net assets of $219k.