Faribault Hockey Assoc

Analysis

Faribault Hockey Assoc is a registered charity in United States, based in Faribault, MN. It received its IRS tax-exemption ruling in February 2007, 19 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 June 2023, Faribault Hockey Assoc reported income of $212k and spending of $225k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $212k to $212k (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Faribault Hockey Assoc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Channahon Baseball Inc NFP ($212k), National Off-Highway Vehicle Conservation Council ($212k) and CTHS Sports Booster Club Inc ($212k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 68% of the total. At year end it held assets of $277k against liabilities of $0, net assets of $277k. It reported 4 employees.