Lima Locos Inc

Analysis

Lima Locos Inc is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in March 2017, 9 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, Lima Locos Inc reported income of $98k and spending of $106k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $98k (+5.6%), an average of +5.6% a year. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lima Locos Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within OH. Charities of a similar size with the same main cause include Northern Virginia Disc Golf Association ($98k), New Palestine Cadet Football League ($98k) and West Los Angeles Lacrosse ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $7,730 against liabilities of $0, net assets of $7,730.