L & L Sports Inc

Analysis

L & L Sports Inc is a registered charity in United States, based in Fort Atkinson, WI. It received its IRS tax-exemption ruling in February 2014, 12 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 May 2022, L & L Sports Inc reported income of $128k and spending of $87k, leaving 32% of income unspent that year. Across the 2 years on record, from May 2020 to May 2022, income fell from $643k to $128k (-80%), an average of -80% a year. The sharpest change came in the year to May 2022, when income dropped by 80%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, L & L Sports Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within WI. Charities of a similar size with the same main cause include El Dorado Hills Youth Basketball Inc ($128k), Sports Starz Academy ($128k) and Girls on the Run of Louisville Inc ($128k).

On its Form 990-EZ for the period ending May 2022, revenue came from program service revenue 97% of the total. At year end it held assets of $74k against liabilities of $69k, net assets of $4,753.