Montclair Hockey Club Inc

Analysis

Montclair Hockey Club Inc is a registered charity in United States, based in Upr Montclair, NJ. It received its IRS tax-exemption ruling in July 1976, 50 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 March 2024, Montclair Hockey Club Inc reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.0m to $1.1m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to March 2022, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montclair Hockey Club Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Lifestat Ambulance Service Inc ($1.1m), Upper Canada College Foundation ($1.1m) and Philadelphia Young Playwrights ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. At year end it held assets of $584k against liabilities of $0, net assets of $584k.