Watertown Hockey Association Inc

Analysis

Watertown Hockey Association Inc is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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, Watertown Hockey Association Inc reported income of $302k and spending of $234k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $302k (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Watertown Hockey Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within SD. Charities of a similar size with the same main cause include Chicago Area Alternative Education League a Not for Profit Corp ($302k), Fontbonne Manor Housing Development Fund Company Inc ($302k) and Art Museum New Bedford Inc ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $15k (6.5% of expenses). At year end it held assets of $266k against liabilities of $0, net assets of $266k.