Firehawks Lacrosse Club

Analysis

Firehawks Lacrosse Club is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 2012, 14 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 June 2023, Firehawks Lacrosse Club reported income of $310k and spending of $275k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $511k to $310k (-39%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Firehawks Lacrosse Club 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 64th percentile within CA. Charities of a similar size with the same main cause include Sporting F C Inc ($310k), Shorewood Swim Club Foundation Inc ($310k) and Lakeville South Boys Basketball Association ($310k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $117k (42% of expenses). Other salaries and wages came to $5,962. At year end it held assets of $94k against liabilities of $0, net assets of $94k.