Colorado Springs Amateur Hockey

Analysis

Colorado Springs Amateur Hockey is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in July 2003, 23 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, Colorado Springs Amateur Hockey reported income of $2.4m and spending of $2.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.4m (+20%), an average of +4.7% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colorado Springs Amateur Hockey sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Cowtown Marathon Inc ($2.4m), Crossfire Youth Sports ($2.4m) and Downstate Juniors VBC Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $100k (4.2% of expenses). Other salaries and wages came to $194k. At year end it held assets of $225k against liabilities of $2,115, net assets of $223k. It reported 9 employees.