Louisville Seahawks Inc

Analysis

Louisville Seahawks Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Louisville Seahawks Inc reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.4m (+21%), an average of +4.8% a year. The sharpest change came in the year to August 2022, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Louisville Seahawks Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Onaway Camp Trust ($1.4m), Naz Elite Inc ($1.4m) and Waukesha County Fair Association ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Other salaries and wages came to $502k. At year end it held assets of $802k against liabilities of $17k, net assets of $785k. It reported 16 employees.