Lowcountry Hockey Association Inc

Analysis

Lowcountry Hockey Association Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in January 2002, 24 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 June 2023, Lowcountry Hockey Association Inc reported income of $663k and spending of $641k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $319k to $663k (+108%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 46%. 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, Lowcountry Hockey Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Northwestern Stable Inc ($663k), Bend Swim Club Inc ($663k) and Cal Tri Events ($663k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2,500 (0.4% of expenses). At year end it held assets of $186k against liabilities of $108k, net assets of $78k.