Summit Ice Hockey Association Inc

Analysis

Summit Ice Hockey Association Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Summit Ice Hockey Association Inc reported income of $121k and spending of $82k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $96k to $121k (+26%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Ice Hockey Association Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Mexico Public Library ($121k), Empower4lifemd Inc ($121k) and Just Ask Trafficking Prevention Foundation ($121k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.