Hazen Winter Sports Association Inc

Analysis

Hazen Winter Sports Association Inc is a registered charity in United States, based in Hazen, ND. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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 October 2023, Hazen Winter Sports Association Inc reported income of $1.0m and spending of $471k, leaving 55% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $415k to $1.0m (+152%), an average of +26% a year. The sharpest change came in the year to October 2020, when income rose by 81%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hazen Winter Sports Association Inc 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 80th percentile, and in the 78th percentile within ND. Charities of a similar size with the same main cause include William a Hunton YMCA Inc ($1.0m), Wear Blue Run to Remember ($1.0m) and Kinder-Mourn Inc ($1.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 5.1% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $7,250 (1.5% of expenses). Other salaries and wages came to $43k. At year end it held assets of $3.8m against liabilities of $1,096, net assets of $3.8m. It reported 8 employees.