Federal Prospect Hockey League Inc

Analysis

Federal Prospect Hockey League Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in November 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 July 2023, Federal Prospect Hockey League Inc reported income of $123k and spending of $121k, spending 98% of its income. Across the 4 years on record, from July 2019 to July 2023, income fell from $351k to $123k (-65%), an average of -29% a year. The sharpest change came in the year to July 2021, when income dropped by 77%. 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, Federal Prospect Hockey League Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Tucson Community Tennis Program ($123k), Reno Tahoe Junior Cycling ($123k) and Festival of Lights Inc ($123k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $99k. At year end it held assets of $21k against liabilities of $0, net assets of $21k.