Hanover Diamond Sports Inc

Analysis

Hanover Diamond Sports Inc is a registered charity in United States, based in Hanover, PA. It received its IRS tax-exemption ruling in May 2015, 11 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 December 2023, Hanover Diamond Sports Inc reported income of $200k and spending of $211k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $200k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hanover Diamond Sports Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Salinas Colts & Broncos Inc ($200k), Taylorsville Dayzz ($200k) and Palmyra Recreation Association ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 63% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.