Joe Lapchick Character Foundation

Analysis

Joe Lapchick Character Foundation is a registered charity in United States, based in Trumbull, CT. It received its IRS tax-exemption ruling in February 2009, 17 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, Joe Lapchick Character Foundation reported income of $54k and spending of $41k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $54k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Joe Lapchick Character Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within CT. Charities of a similar size with the same main cause include Muskets Athletic Club ($54k), Flower Mound High School Lady Jaguar Volleyball Booster Club ($54k) and Rush County Booster Club Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.