Lake County Lightning

Analysis

Lake County Lightning is a registered charity in United States, based in Mundelein, IL. It received its IRS tax-exemption ruling in August 2023, 3 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, Lake County Lightning reported income of $287k and spending of $271k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $151k to $287k (+90%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake County Lightning sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Bridgewater Youth Soccer Association Inc ($287k), Pop Warner Little Scholars Inc ($287k) and South Texas Soccer Referees Inc ($287k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $118k. At year end it held assets of $24k against liabilities of $60k, net assets of -$36k. It reported 25 employees.