Prosper Eagles Ice Hockey Club

Analysis

Prosper Eagles Ice Hockey Club is a registered charity in United States, based in Prosper, TX. It received its IRS tax-exemption ruling in September 2011, 15 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 July 2024, Prosper Eagles Ice Hockey Club reported income of $65k and spending of $104k, spending 160% of what it took in. Across the 3 years on record, from July 2021 to July 2024, income fell from $308k to $65k (-79%), an average of -54% a year. The sharpest change came in the year to July 2024, when income dropped by 63%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Prosper Eagles Ice Hockey Club sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Next Level Sports ($65k), American Youth Football Inc ($65k) and Villa Park High School-Aquatics Education Program ($65k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $8,966 against liabilities of $0, net assets of $8,966.