Lakes Area Hockey Association

Analysis

Lakes Area Hockey Association is a registered charity in United States, based in Spirit Lake, IA. It received its IRS tax-exemption ruling in February 2001, 25 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, Lakes Area Hockey Association reported income of $305k and spending of $323k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $741k to $305k (-59%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakes Area Hockey Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include Arkansas Elite Barrel Racing Inc ($305k), Piedmont Gymnastics Organization Inc ($305k) and Madison Futbol Club Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.7m against liabilities of $4,297, net assets of $1.7m. It reported 1 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.