Minneapolis Novas Boys High School Hockey Team Inc

Analysis

Minneapolis Novas Boys High School Hockey Team Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minneapolis Novas Boys High School Hockey Team Inc reported income of $95k and spending of $115k, spending 121% of what it took in. Across the 4 years on record, from December 2018 to December 2023, income grew from $51k to $95k (+88%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minneapolis Novas Boys High School Hockey Team 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 36th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Houston Hoops Inc ($95k), Kootenai Winter Sports Ski Education Foundation Inc ($95k) and Strongsville Football League ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.