Kent Valley Hockey Association

Analysis

Kent Valley Hockey Association is a registered charity in United States, based in Kent, WA. It received its IRS tax-exemption ruling in June 2003, 23 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 March 2023, Kent Valley Hockey Association reported income of $478k and spending of $494k, spending 103% of its income. Across the 6 years on record, from March 2018 to March 2023, income grew from $354k to $478k (+35%), an average of +6.2% a year. The sharpest change came in the year to March 2022, when income rose by 63%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kent Valley Hockey Association 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 WA. Charities of a similar size with the same main cause include Relax Collections LLC ($478k), Child and Family Institute of Fairfield County Inc ($478k) and Lake Wylie Athletic Association Inc ($478k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 4.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $50k (10% of expenses). Other salaries and wages came to $57k. At year end it held assets of $12k against liabilities of $22k, net assets of -$9,736. It reported 3 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.