Friends of Hockey Club Fairbanks

Analysis

Friends of Hockey Club Fairbanks is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in May 1983, 43 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 May 2023, Friends of Hockey Club Fairbanks reported income of $109k and spending of $107k, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $323k to $109k (-66%), an average of -24% a year. The sharpest change came in the year to May 2022, when income rose by 823%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Hockey Club Fairbanks sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 34th percentile within AK. Charities of a similar size with the same main cause include Walk Oakland Bike Oakland ($109k), Boyertown Ice Hockey Club ($109k) and Park City Youth Lacrosse Organization Inc ($109k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 46% and program service revenue 4.7% of the total. At year end it held assets of $274k against liabilities of $3,160, net assets of $271k.