Carmel Icehounds Hockey Club

Analysis

Carmel Icehounds Hockey Club is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in May 2006, 20 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 2024, Carmel Icehounds Hockey Club reported income of $236k and spending of $240k, spending 102% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $175k to $236k (+35%), an average of +7.7% a year. The sharpest change came in the year to April 2023, when income rose by 33%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carmel Icehounds Hockey Club sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within IN. Charities of a similar size with the same main cause include Woodlands Mens Lacrosse Club Inc ($236k), Clarksville Panther Foundation Inc ($236k) and Mendocino Area Parks Association ($235k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.