Troy Hockey Association

Analysis

Troy Hockey Association is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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 2023, Troy Hockey Association reported income of $779k and spending of $560k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $515k to $779k (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Troy Hockey Association sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Smith Hill Community Development Corporation ($779k), Richmond Symphony Foundation ($779k) and Multi-Craft Apprenticeship Preparation Program Inc ($779k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 88% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.4m against liabilities of $504k, net assets of $928k. It reported 15 employees.