Future Athletes of Louisiana Inc

Analysis

Future Athletes of Louisiana Inc is a registered charity in United States, based in Denham SPGS, LA. It received its IRS tax-exemption ruling in December 2005, 21 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 2022, Future Athletes of Louisiana Inc reported income of $380k and spending of $463k, spending 122% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $194k to $380k (+96%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Future Athletes of Louisiana Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include Swift Aquatics LLC ($380k), New Way Circus Center Inc ($380k) and Cainhoy Athletic Soccer Club ($380k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.5% of the total. Compensation of current officers, directors and key employees was $25k (5.4% of expenses). Other salaries and wages came to $66k. At year end it held assets of $62k against liabilities of $1,659, net assets of $61k. It reported 19 employees.