Let Me Run Inc

Analysis

Let Me Run Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2009, 17 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 June 2023, Let Me Run Inc reported income of $709k and spending of $725k, spending 102% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $992k to $709k (-28%), an average of -15% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Let Me Run Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Saint Thomas Academy Ice Arena ($709k), Hingham Youth Hockey Inc ($710k) and Livermore Aqua Cowboys Club ($709k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $124k (17% of expenses). Other salaries and wages came to $287k. At year end it held assets of $637k against liabilities of $26k, net assets of $611k. It reported 17 employees.