Minot Hockey Boosters Inc

Analysis

Minot Hockey Boosters Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in July 1982, 44 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 April 2023, Minot Hockey Boosters Inc reported income of $2.5m and spending of $883k, leaving 65% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $841k to $2.5m (+197%), an average of +31% a year. The sharpest change came in the year to April 2021, when income rose by 104%. Over the whole period it spent 56% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minot Hockey Boosters Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ND. Charities of a similar size with the same main cause include Omaha Football Club ($2.5m), Cherry Blossom Inc ($2.5m) and Greater Santa Barbara Ice Skating Association ($2.5m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 0.2% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $204k (23% of expenses). At year end it held assets of $4.9m against liabilities of $98k, net assets of $4.8m. It reported 49 employees.