Laser Class Association Inc

Analysis

Laser Class Association Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2015, 11 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, Laser Class Association Inc reported income of $2.2m and spending of $2.2m, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.0m to $2.2m (+114%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Laser Class Association Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Camp Nejeda Foundation Inc ($2.2m), South Jersey Barons Youth Club Inc ($2.2m) and Hawaii State Junior Golf Association Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 85% of the total. At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.2m.