Richmond Hockey Inc

Analysis

Richmond Hockey Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2000, 26 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 March 2023, Richmond Hockey Inc reported income of $319k and spending of $324k, spending 101% of its income. Across the 4 years on record, from March 2019 to March 2023, income grew from $230k to $319k (+39%), an average of +12% a year. The sharpest change came in the year to March 2023, when income rose by 77%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Richmond Hockey Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Parks for All Foundation ($319k), Spirit Youth Sports Inc ($320k) and North Central Washington Volleyball Club ($319k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.