Peconic Hockey Foundation Inc

Analysis

Peconic Hockey Foundation Inc is a registered charity in United States, based in Wading River, NY. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Peconic Hockey Foundation Inc reported income of $1.6m and spending of $3.0m, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $1.6m (+663%), an average of +66% a year. The sharpest change came in the year to December 2020, when income rose by 99%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peconic Hockey Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of Central and Northern Arizona Foundation Inc ($1.6m), All Life Foundation ($1.6m) and Oaklawn Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 38% of the total. Other salaries and wages came to $83k. At year end it held assets of $649k against liabilities of $8,720, net assets of $640k. It reported 34 employees.