Luverne Hockey Club

Analysis

Luverne Hockey Club is a registered charity in United States, based in Luverne, MN. It received its IRS tax-exemption ruling in June 1991, 35 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 2023, Luverne Hockey Club reported income of $298k and spending of $241k, spending 81% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $301k to $298k (-1.0%), an average of -0.3% a year. The sharpest change came in the year to March 2022, when income rose by 18%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luverne Hockey Club sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Ipswich Community Access Media Inc ($298k), McFarland Spartan Sharks Inc ($298k) and Morris Minute Men Inc ($298k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 23% and program service revenue 38% of the total. Other salaries and wages came to $69k. At year end it held assets of $1.0m against liabilities of $114k, net assets of $912k. It reported 5 employees.