Nashville Elite Hockey Club Inc

Analysis

Nashville Elite Hockey Club Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2017, 9 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 May 2022, Nashville Elite Hockey Club Inc reported income of $1.9m and spending of $2.1m, spending 113% of what it took in. Across the 3 years on record, from May 2020 to May 2022, income grew from $1.8m to $1.9m (+5.8%), an average of +2.9% a year. The sharpest change came in the year to May 2021, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nashville Elite Hockey Club Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Watertown Figure Skate Club Inc ($1.9m), Southern Nevada Soccer Association ($1.9m) and Club One Az ($1.9m).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. At year end it held assets of $330k against liabilities of $41k, net assets of $289k.