Loudoun Storm Boys and Girls Lacrosse Inc

Analysis

Loudoun Storm Boys and Girls Lacrosse Inc is a registered charity in United States, based in Ashburn, VA. It received its IRS tax-exemption ruling in August 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, Loudoun Storm Boys and Girls Lacrosse Inc reported income of $93k and spending of $109k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $479k to $93k (-81%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Loudoun Storm Boys and Girls Lacrosse Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Buies Creek Wrestling Club ($93k), Pittsburg Youth Soccer Club ($93k) and Northwest Softball Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.