Puget Sound Amateur Icesports Association

Analysis

Puget Sound Amateur Icesports Association is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Puget Sound Amateur Icesports Association reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $935k to $2.4m (+156%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Puget Sound Amateur Icesports Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include USA Softball of Southern California ($2.4m), Woods Community Center Inc ($2.4m) and Ultimate Sports Association ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 14% of the total. At year end it held assets of $12k against liabilities of $150k, net assets of -$138k.