Massachusetts Spitfires Hockey Inc

Analysis

Massachusetts Spitfires Hockey Inc is a registered charity in United States, based in Lincoln, RI. It received its IRS tax-exemption ruling in June 2007, 19 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 April 2023, Massachusetts Spitfires Hockey Inc reported income of $539k and spending of $542k, spending 100% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $535k to $539k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to April 2022, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Massachusetts Spitfires Hockey Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within RI. Charities of a similar size with the same main cause include Otero County Fair Association Inc ($539k), Hunt Staff Benefit Foundation ($539k) and Nature Camp Inc ($539k).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $114k (21% of expenses). Other salaries and wages came to $16k. At year end it held assets of $752k against liabilities of $324k, net assets of $428k. It reported 2 employees.