Kingsway Ice Hockey Club

Analysis

Kingsway Ice Hockey Club is a registered charity in United States, based in Swedesboro, NJ. It received its IRS tax-exemption ruling in October 2021, 5 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 2024, Kingsway Ice Hockey Club reported income of $115k and spending of $145k, spending 126% of what it took in. Across the 3 years on record, from May 2022 to May 2024, income grew from $89k to $115k (+30%), an average of +14% a year. The sharpest change came in the year to May 2023, when income rose by 71%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kingsway Ice Hockey Club sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include South Carolina Alliance for Health Physical Education Recreation Dan ($115k), Ski Broncs Inc ($115k) and Springfield Baseball Association ($115k).

On its Form 990-EZ for the period ending May 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $3,777 against liabilities of $0, net assets of $3,777.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.