Mustang Hockey Association

Analysis

Mustang Hockey Association is a registered charity in United States, based in Eagle River, AK. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 April 2024, Mustang Hockey Association reported income of $396k and spending of $400k, spending 101% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $480k to $396k (-17%), an average of -4.7% a year. The sharpest change came in the year to April 2021, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mustang Hockey Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within AK. Charities of a similar size with the same main cause include Abc Nevada Chapter Northern Division Apprenticeship Trust Fund ($396k), Tucson Community Development & Design Center Inc ($396k) and N B C U S a Housing Inc Seven ($396k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 8.7% and program service revenue 99% of the total. Other salaries and wages came to $8,968. At year end it held assets of $149k against liabilities of $14k, net assets of $135k. It reported 1 employees.

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.