Rushmore Hockey and Skating Association

Analysis

Rushmore Hockey and Skating Association is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in January 2000, 26 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 June 2023, Rushmore Hockey and Skating Association reported income of $360k and spending of $381k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $308k to $360k (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rushmore Hockey and Skating Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within SD. Charities of a similar size with the same main cause include Sports and Health in the City Inc ($360k), Umstead Coalition ($360k) and Miller Golf Course ($360k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $610 (0.2% of expenses). At year end it held assets of $1.4m against liabilities of $686k, net assets of $755k.