United States Luge Association Inc

Analysis

United States Luge Association Inc is a registered charity in United States, based in Lake Placid, NY. It received its IRS tax-exemption ruling in May 1994, 32 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 August 2023, United States Luge Association Inc reported income of $3.2m and spending of $3.4m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.0m to $3.2m (+3.8%), an average of +0.9% a year. The sharpest change came in the year to August 2023, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United States Luge Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Phi Beta Kappa Foundation ($3.2m), Hawthorne Social Service Association Inc ($3.2m) and Twin Pines Housing Trust ($3.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $161k (4.7% of expenses). Other salaries and wages came to $629k. At year end it held assets of $2.0m against liabilities of $630k, net assets of $1.3m. It reported 21 employees.