Lake Forest Soccer Association Lake Forest

Analysis

Lake Forest Soccer Association Lake Forest is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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 June 2023, Lake Forest Soccer Association Lake Forest reported income of $346k and spending of $329k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $434k to $346k (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2021, when income dropped by 43%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Forest Soccer Association Lake Forest sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Michigan State Medical Society Foundation ($346k), The Working Group ($346k) and Beddow School Inc ($346k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $532k against liabilities of $200k, net assets of $331k.