Potomac Field Hockey Incorporated

Analysis

Potomac Field Hockey Incorporated is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in July 2011, 15 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, Potomac Field Hockey Incorporated reported income of $518k and spending of $422k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $482k to $518k (+7.6%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Potomac Field Hockey Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Central Alabama Sports Commission Inc ($518k), Road Runners Club of America ($518k) and Canton Youth Hockey Association Inc ($518k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1,000 (0.2% of expenses). Other salaries and wages came to $128k. At year end it held assets of $562k against liabilities of $3,016, net assets of $559k. It reported 17 employees.