Somerset Youth Hockey Association

Analysis

Somerset Youth Hockey Association is a registered charity in United States, based in Somerset, WI. It received its IRS tax-exemption ruling in April 1985, 41 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 March 2024, Somerset Youth Hockey Association reported income of $856k and spending of $797k, spending 93% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $365k to $856k (+135%), an average of +24% a year. The sharpest change came in the year to March 2021, when income rose by 64%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Somerset Youth Hockey Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Lincoln Sports Foundation Inc ($856k), Auglaize County Junior Fair ($856k) and Special Olympics Mississippi Inc ($856k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 1.6% and program service revenue 93% of the total. Other salaries and wages came to $168k. At year end it held assets of $957k against liabilities of $768k, net assets of $189k. It reported 9 employees.