Lambert Tipoff Club Inc

Analysis

Lambert Tipoff Club Inc is a registered charity in United States, based in Suwanee, GA. It received its IRS tax-exemption ruling in May 2019, 7 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, Lambert Tipoff Club Inc reported income of $108k and spending of $123k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $110k to $108k (-1.4%), an average of -1.4% a year. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lambert Tipoff Club Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within GA. Charities of a similar size with the same main cause include Eritrean American Youth Sports Association of Maryland Inc ($108k), Southern Rensselaer County Baseball Association at East Greenbush Inc ($108k) and Tru-Way Community Center Inc ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 56% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.