LNBB Inc

Analysis

LNBB Inc is a registered charity in United States, based in Levittown, NY. 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, LNBB Inc reported income of $130k and spending of $152k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $130k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, LNBB Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Stoneham Soccer Club Inc ($130k), Rock Soccer Club ($130k) and Midtown Parks ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.