Homegrown Lacrosse Corporation

Analysis

Homegrown Lacrosse Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2010, 16 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 August 2023, Homegrown Lacrosse Corporation reported income of $2.1m and spending of $2.3m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $2.1m (+66%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 75%. 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, Homegrown Lacrosse Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Hatcher Alpine Xperience ($2.1m), Lavigne Youth Outreach ($2.1m) and Vegas Jr Golden Knights Foundation Inc ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.0% and program service revenue 96% of the total. Other salaries and wages came to $637k. At year end it held assets of $1.4m against liabilities of $933k, net assets of $461k. It reported 9 employees.