Lovejoy Leopards Inc

Analysis

Lovejoy Leopards Inc is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in June 2007, 19 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 June 2022, Lovejoy Leopards Inc reported income of $916k and spending of $889k, spending 97% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $560k to $916k (+64%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 64%. 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, Lovejoy Leopards Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Lehigh Valley Athletic Club ($916k), Kings County Tennis League Inc ($917k) and United States Bowling Congress Inc ($915k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $367k against liabilities of $0, net assets of $367k.