Morristown Lady Colonials Lacrosse Club Inc

Analysis

Morristown Lady Colonials Lacrosse Club Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in August 2023, 3 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, Morristown Lady Colonials Lacrosse Club Inc reported income of $70k and spending of $73k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $70k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Morristown Lady Colonials Lacrosse Club Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Laurelhurst Soccer Club Inc ($70k), United States Bowling Congress Inc ($70k) and East Troy Youth Football League Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.