Loon Freestyle Inc

Analysis

Loon Freestyle Inc is a registered charity in United States, based in Lincoln, NH. It received its IRS tax-exemption ruling in September 1993, 33 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 2024, Loon Freestyle Inc reported income of $183k and spending of $192k, spending 105% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $191k to $183k (-4.0%), an average of -4.0% a year. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Loon Freestyle Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within NH. Charities of a similar size with the same main cause include South Florida Giants Baseball Corp ($183k), Yolo County Fair Heritage Foundation ($183k) and Mount Pleasant Track Club ($183k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.