Hagerstown Ice Amateur Athletic Association Inc

Analysis

Hagerstown Ice Amateur Athletic Association Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in July 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 (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, Hagerstown Ice Amateur Athletic Association Inc reported income of $638k and spending of $716k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $570k to $638k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hagerstown Ice Amateur Athletic Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Southeastern Clubs Champions League Inc ($638k), Thistle Football Club ($638k) and Columbus Regional Tennis Assoc Inc ($637k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $368k. At year end it held assets of $253k against liabilities of $250k, net assets of $3,371. It reported 30 employees.