Lakeville Hockey Association

Analysis

Lakeville Hockey Association is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lakeville Hockey Association reported income of $1.8m and spending of $1.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.8m (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lakeville Hockey Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Trinity Valley Community College Foundation ($1.8m), Dallas Social Venture Partners ($1.8m) and Rosecrance Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 60% of the total. At year end it held assets of $1.3m against liabilities of $403k, net assets of $849k. It reported 27 employees.