Lost Boyz Inc

Analysis

Lost Boyz Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Lost Boyz Inc reported income of $1.2m and spending of $914k, leaving 22% of income unspent that year. Across the 3 years on record, from September 2019 to September 2022, income grew from $261k to $1.2m (+352%), an average of +112% a year. The sharpest change came in the year to September 2021, when income rose by 125%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lost Boyz Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Kenan Center Inc ($1.2m), United States Bowling Congress Inc ($1.2m) and Quillian Memorial Center Inc ($1.2m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 97% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $86k (9.4% of expenses). Other salaries and wages came to $191k. At year end it held assets of $539k against liabilities of $90k, net assets of $449k. It reported 4 employees.