HGM Ice LLC

Analysis

HGM Ice LLC is a registered charity in United States, based in Hartland, WI. It received its IRS tax-exemption ruling in June 2020, 6 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 December 2023, HGM Ice LLC reported income of $775k and spending of $676k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $775k (+88%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, HGM Ice LLC sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Youth Sports Foundation of Tuolumne County ($775k), Wyckoff Torpedoes Soccer Club ($776k) and Mysc Inc ($774k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $89k (13% of expenses). Other salaries and wages came to $127k. At year end it held assets of $552k against liabilities of $68k, net assets of $484k. It reported 50 employees.