Heros Tournament Lacrosse Club Inc

Analysis

Heros Tournament Lacrosse Club Inc is a registered charity in United States, based in Ellicott City, MD. It received its IRS tax-exemption ruling in May 2004, 22 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 December 2023, Heros Tournament Lacrosse Club Inc reported income of $765k and spending of $774k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $659k to $765k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Heros Tournament Lacrosse Club Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Texas Youth Cheerleading & Football Association ($765k), Independent Umpires Association Inc ($766k) and Circle City Aquatics ($765k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. At year end it held assets of $520k against liabilities of $6,778, net assets of $513k.