Woodbury Area Hockey Club

Analysis

Woodbury Area Hockey Club is a registered charity in United States, based in Woodbury, MN. It received its IRS tax-exemption ruling in November 1975, 51 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 April 2023, Woodbury Area Hockey Club reported income of $1.5m and spending of $1.6m, spending 105% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.3m to $1.5m (+15%), an average of +3.6% a year. The sharpest change came in the year to April 2022, when income rose by 42%. 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, Woodbury Area Hockey Club sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Tri-City Eagles Hockey Association of the Capital Hockey League Inc ($1.5m), National Gymnastics Association Inc ($1.5m) and Our Streets ($1.5m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 1.0% and program service revenue 87% of the total. Other salaries and wages came to $83k. At year end it held assets of $926k against liabilities of $102k, net assets of $824k. It reported 19 employees.