Hamel Athletic Club

Analysis

Hamel Athletic Club is a registered charity in United States, based in Hamel, MN. It received its IRS tax-exemption ruling in September 2010, 16 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 December 2023, Hamel Athletic Club reported income of $476k and spending of $1.2m, spending 243% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $476k (+349%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 123% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hamel Athletic Club sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Camp Casco Inc ($476k), NHB Futbol Club Inc ($477k) and River Falls Gymnastics Club Inc ($476k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $7,286. At year end it held assets of $47k against liabilities of $240k, net assets of -$193k. It reported 4 employees.