Farmington Youth Hockey Assoc

Analysis

Farmington Youth Hockey Assoc is a registered charity in United States, based in Farmington, MN. It received its IRS tax-exemption ruling in August 2017, 9 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Farmington Youth Hockey Assoc reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.0m to $1.6m (+54%), an average of +11% a year. The sharpest change came in the year to March 2024, when income rose by 22%. 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, Farmington Youth Hockey Assoc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Camptown Inc ($1.6m), FC Richmond ($1.6m) and North Babylon Teen Center Inc ($1.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.1% and program service revenue 76% of the total. At year end it held assets of $554k against liabilities of $82k, net assets of $471k. It reported 6 employees.