Lafayette Tournament Inc

Analysis

Lafayette Tournament Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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, Lafayette Tournament Inc reported income of $123k and spending of $67k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $123k (+11%), an average of +11% a year. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lafayette Tournament Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include Youngwood Area Park and Pool Enterprise Inc ($123k), Sav-A-Life Bessemer Alabama Inc ($123k) and Shine Together ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 82% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.