Ludington Recreation Soccer Board

Analysis

Ludington Recreation Soccer Board is a registered charity in United States, based in Ludington, MI. It received its IRS tax-exemption ruling in June 1987, 39 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 December 2023, Ludington Recreation Soccer Board reported income of $114k and spending of $112k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $114k (-4.7%), an average of -4.7% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ludington Recreation Soccer Board sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Tri County Outreach Inc ($114k), Leon Senior Citizens Inc ($114k) and Little League Baseball Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $250k against liabilities of $0, net assets of $250k.