Redwood Falls Hockey Association

Analysis

Redwood Falls Hockey Association is a registered charity in United States, based in Redwood Falls, MN. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Redwood Falls Hockey Association reported income of $88k and spending of $85k, spending 97% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $82k to $88k (+7.4%), an average of +1.4% a year. The sharpest change came in the year to March 2022, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redwood Falls Hockey Association sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include PTA Florida Congress ($88k), Friends of the National City Library ($88k) and Northwest Austin Youth Basketball ($88k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 75% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.