International Lightning Class

Analysis

International Lightning Class is a registered charity in United States, based in Tarpon SPGS, FL. It received its IRS tax-exemption ruling in September 1945, 81 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, International Lightning Class reported income of $112k and spending of $116k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $112k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Lightning Class sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Historical Society of Dunkirk New York ($112k), Ars Musica Chorale Inc ($112k) and Dassel-Cokato Baseball Association ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 18% of the total. At year end it held assets of $353k against liabilities of $28k, net assets of $325k.