Rye Garnets Ice Hockey Inc

Analysis

Rye Garnets Ice Hockey Inc is a registered charity in United States, based in Harrison, NY. It received its IRS tax-exemption ruling in August 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 June 2024, Rye Garnets Ice Hockey Inc reported income of $61k and spending of $64k, spending 105% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $65k to $61k (-5.8%), an average of -5.8% a year. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rye Garnets Ice Hockey Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Richardson Gymnastics Team ($61k), Franklin Youth Boys Basketball Club Inc ($61k) and Cleburne Football League Inc ($61k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 1.9% and program service revenue 89% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.