Laureus Sport for Good Foundation of America

Analysis

Laureus Sport for Good Foundation of America is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2002, 24 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, Laureus Sport for Good Foundation of America reported income of $9.9m and spending of $9.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $9.9m (+185%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Laureus Sport for Good Foundation of America sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Together Every1 Achieves More Inc ($9.9m), Tampa Jcc-Federation Inc ($10.0m) and Elite Athlete Services LLC ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $349k (3.7% of expenses). At year end it held assets of $13.7m against liabilities of $5.3m, net assets of $8.4m. It reported 16 employees.