Magnolia Lacrosse Association

Analysis

Magnolia Lacrosse Association is a registered charity in United States, based in Magnolia, TX. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 May 2024, Magnolia Lacrosse Association reported income of $135k and spending of $105k, leaving 23% of income unspent that year. Across the 3 years on record, from May 2022 to May 2024, income fell from $152k to $135k (-11%), an average of -5.8% a year. The sharpest change came in the year to May 2023, when income dropped by 33%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Magnolia Lacrosse Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Little League Baseball Inc ($135k), Vallarta Sailing Foundation ($135k) and Smart Student Health and Wellness Foundation Inc ($135k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 8.5% and program service revenue 38% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.