Lasers Inc

Analysis

Lasers Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 2010, 16 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, Lasers Inc reported income of $311k and spending of $266k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $277k to $311k (+12%), an average of +12% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lasers Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NE. Charities of a similar size with the same main cause include Loyola Blakefield Aquatics ($310k), Elk Grove Swim Team Boosters Inc ($311k) and Broadneck Baseball Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 89% of the total. At year end it held assets of $210k against liabilities of $0, net assets of $210k.