League 42 Foundation

Analysis

League 42 Foundation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in May 2020, 6 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 September 2023, League 42 Foundation reported income of $1.6m and spending of $447k, leaving 72% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $506k to $1.6m (+214%), an average of +33% a year. The sharpest change came in the year to September 2021, when income rose by 243%. Over the whole period it spent 26% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, League 42 Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KS. Charities of a similar size with the same main cause include Jersey Wahoos Swim Club Inc ($1.6m), Port Washington Youth Activities Inc ($1.6m) and Council to Advance Hunting and the ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $141k (32% of expenses). At year end it held assets of $3.6m against liabilities of -$5,465, net assets of $3.6m.