Lake Shore Athletic Association

Analysis

Lake Shore Athletic Association is a registered charity in United States, based in Pasadena, MD. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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, Lake Shore Athletic Association reported income of $232k and spending of $235k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $236k to $232k (-1.4%), an average of -1.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Shore Athletic Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Infant Loss Resources Inc ($232k), Warfighter Overwatch ($232k) and Northwest Turfgrass Association ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.