Souternmost Hockey Club

Analysis

Souternmost Hockey Club is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in June 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 December 2023, Souternmost Hockey Club reported income of $54k and spending of $34k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $11k to $54k (+380%), an average of +119% a year. The sharpest change came in the year to December 2022, when income rose by 274%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Souternmost Hockey Club sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Yorba Linda High School Ylhs Aquatics Booster Club ($54k), Friends of Outdoor Chattanooga Inc ($54k) and Cadillac Soccer Association ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 54% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.