Minneapolis Hockey Association Inc

Analysis

Minneapolis Hockey Association Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 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 May 2023, Minneapolis Hockey Association Inc reported income of $1.2m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.1m to $1.2m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to May 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minneapolis Hockey Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Central Cross Country Skiing Inc ($1.2m), North Bay Athletic Association Incorporated ($1.2m) and Westside Bullets Softball Club ($1.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.2% and program service revenue 86% of the total. At year end it held assets of $631k against liabilities of $48k, net assets of $583k. It reported 24 employees.