Lido Sports School Inc

Analysis

Lido Sports School Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in June 1996, 30 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 December 2023, Lido Sports School Inc reported income of $69k and spending of $58k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $149k to $69k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lido Sports School Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Seahawk Intercollegiate ($69k), Lynnfield Youth Lacrosse Association Inc ($69k) and Groton-Dunstable Youth Basketball League Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.