Locos Express

Analysis

Locos Express is a registered charity in United States, based in Lima, OH. 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 September 2023, Locos Express reported income of $71k and spending of $74k, spending 104% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $61k to $71k (+18%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 18%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Locos Express sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Dallas Mountaineer Aquatic Club ($71k), Lewistown Soccer Club ($71k) and Phenom Baseball Inc ($71k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 2.1% of the total. At year end it held assets of $191 against liabilities of $0, net assets of $191.