Mason City Youth Hockey Association Inc

Analysis

Mason City Youth Hockey Association Inc is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in October 1977, 49 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 May 2024, Mason City Youth Hockey Association Inc reported income of $500k and spending of $581k, spending 116% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $517k to $500k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to May 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mason City Youth Hockey Association Inc 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 70th percentile, and in the 73rd percentile within IA. Charities of a similar size with the same main cause include Fresno Junior Hockey Club ($499k), Prior Lake Hockey ($500k) and Thunder Inc ($499k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 8.7% and program service revenue 86% of the total. Other salaries and wages came to $120k. At year end it held assets of $464k against liabilities of $64k, net assets of $400k. It reported 20 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.