Redline Hockey Academy Inc

Analysis

Redline Hockey Academy Inc is a registered charity in United States, based in Coconut Creek, FL. It received its IRS tax-exemption ruling in September 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, Redline Hockey Academy Inc reported income of $224k and spending of $209k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $224k (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Redline Hockey Academy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Abington Area Joint Recreation Board ($224k), Surf for All ($224k) and Tonawanda Titans Swim Club ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $89k (43% of expenses). At year end it held assets of $16k against liabilities of $579, net assets of $15k.