McKinney North Stars Hockey Club

Analysis

McKinney North Stars Hockey Club is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in July 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, McKinney North Stars Hockey Club reported income of $1.0m and spending of $986k, spending 98% of its income. Across the 3 years on record, from May 2020 to May 2022, income grew from $865k to $1.0m (+16%), an average of +7.8% a year. The sharpest change came in the year to May 2021, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, McKinney North Stars Hockey Club sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Winnebago County Fair Association Inc ($1.0m), Racing Surfaces Testing Laboratory ($1.0m) and Buckhead Baseball Inc ($1.0m).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. At year end it held assets of $187k against liabilities of $0, net assets of $187k.