United States Luge Federation Foundation Inc

Analysis

United States Luge Federation Foundation Inc is a registered charity in United States, based in Lake Placid, NY. It received its IRS tax-exemption ruling in April 1988, 38 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 2023, United States Luge Federation Foundation Inc reported income of $56k and spending of $53k, spending 94% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $38k to $56k (+49%), an average of +11% a year. The sharpest change came in the year to March 2020, when income rose by 261%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Luge Federation Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Tip Inc ($56k), Team Up Gymnastics Association Inc ($56k) and Valhalla Sports Booster Club Inc ($56k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $1.6m, net assets of $25k.