Fitlot Inc

Analysis

Fitlot Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2013, 13 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fitlot Inc reported income of $67k and spending of $269k, spending 404% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.1m to $67k (-98%), an average of -85% a year. The sharpest change came in the year to December 2023, when income dropped by 89%. Over the whole period it spent 125% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fitlot Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within LA. Charities of a similar size with the same main cause include Marin Soccer League ($67k), Friends of Schuylkill Parks and Recreation ($67k) and Little Warriors Cheerleaders Association ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $237k against liabilities of $4,983, net assets of $232k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.