Chattanooga Hockey Inc

Analysis

Chattanooga Hockey Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 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, Chattanooga Hockey Inc reported income of $55k and spending of $59k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $97k to $55k (-44%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 71%. Over the whole period it spent 67% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chattanooga Hockey Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Billlings Force Fastpitch Softball Inc ($55k), Bloomington Youth Lacrosseassociation ($55k) and Northeast Florida Dressage Association Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.