Pittsburgh Penguins Elite Amateur Hockey

Analysis

Pittsburgh Penguins Elite Amateur Hockey is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2013, 13 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, Pittsburgh Penguins Elite Amateur Hockey reported income of $2.8m and spending of $2.7m, spending 96% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.5m to $2.8m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to April 2022, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pittsburgh Penguins Elite Amateur Hockey 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 PA. Charities of a similar size with the same main cause include Camp Timberline ($2.8m), Glen Echo Park Partnership for Arts and Culture Inc ($2.8m) and North Carolina Youth Soccer Association Inc ($2.8m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 15% and program service revenue 79% of the total. At year end it held assets of $1.6m against liabilities of $745k, net assets of $826k.