Brainerd Amateur Hockey Foundation

Analysis

Brainerd Amateur Hockey Foundation is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in October 1998, 28 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, Brainerd Amateur Hockey Foundation reported income of $658k and spending of $672k, spending 102% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $553k to $658k (+19%), an average of +3.5% a year. The sharpest change came in the year to March 2022, when income rose by 76%. Over the whole period it spent 117% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brainerd Amateur Hockey Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Freewheelin Community Bikes ($658k), Goddard Youth Foundation ($658k) and Soccer Club of Cranford Inc ($658k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 9.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $23k (3.4% of expenses). Other salaries and wages came to $102k. At year end it held assets of $4.0m against liabilities of $1.7m, net assets of $2.4m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.