Richmond Panthers United Field Hockey Club

Analysis

Richmond Panthers United Field Hockey Club is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in June 2014, 12 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 June 2024, Richmond Panthers United Field Hockey Club reported income of $318k and spending of $292k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $274k to $318k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Richmond Panthers United Field Hockey Club 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 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Camp Surefire Foundation ($318k), Little League Baseball Inc ($318k) and Mt Lebanon Soccer Association ($318k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.6% and program service revenue 90% of the total. Other salaries and wages came to $64k. At year end it held assets of $456k against liabilities of $0, net assets of $456k.