Lake Norman High School Athletic Association Inc

Analysis

Lake Norman High School Athletic Association Inc is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Lake Norman High School Athletic Association Inc reported income of $295k and spending of $318k, spending 108% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $201k to $295k (+47%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Norman High School Athletic Association Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Mary Help of Christians School Foun Dation Inc ($295k), Activate School Fundraising Inc ($295k) and A House in Austin NFP ($295k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. At year end it held assets of $500k against liabilities of $127k, net assets of $373k.