LFC Western Maryland Inc

Analysis

LFC Western Maryland Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LFC Western Maryland Inc reported income of $257k and spending of $228k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $257k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, LFC Western Maryland Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include One World Soccer of Texas ($257k), Tampa Mustangs Inc ($257k) and P Graham Dunn Park Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $58k (26% of expenses). Other salaries and wages came to $56k. At year end it held assets of $84k against liabilities of $2,506, net assets of $82k. It reported 1 employees.