Florida Kings Hockey Club Inc

Analysis

Florida Kings Hockey Club Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in December 2022, 4 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, Florida Kings Hockey Club Inc reported income of $751k and spending of $769k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $243k to $751k (+209%), an average of +209% a year. The sharpest change came in the year to December 2023, when income rose by 209%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florida Kings Hockey Club Inc 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 78th percentile within FL. Charities of a similar size with the same main cause include College Swimming Coaches Association of America Inc ($751k), Siouxland Tennis Association Inc ($751k) and Friends of the River Foundation ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Other salaries and wages came to $197k. It paid $7,974 in professional fundraising fees. At year end it held assets of $82k against liabilities of $1, net assets of $82k.