Raleigh Youth Hockey Association Inc

Analysis

Raleigh Youth Hockey Association Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1988, 38 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 May 2023, Raleigh Youth Hockey Association Inc reported income of $3.5m and spending of $3.4m, spending 96% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.9m to $3.5m (+87%), an average of +17% a year. The sharpest change came in the year to May 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raleigh Youth Hockey Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Community Legal Services of Prince Georges County Inc ($3.5m), University of Missouri Medical Professional Liability TR ($3.5m) and The Tower Grove Park Foundation ($3.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 5.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $94k (2.8% of expenses). At year end it held assets of $3.8m against liabilities of $3.3m, net assets of $544k. It reported 8 employees.