Lee-Mt Vernon Sports Club Inc

Analysis

Lee-Mt Vernon Sports Club Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in June 2003, 23 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 December 2023, Lee-Mt Vernon Sports Club Inc reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lee-Mt Vernon Sports Club Inc 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 VA. Charities of a similar size with the same main cause include Chehalem Center Association ($1.5m), Hamtramck Conservancy ($1.5m) and Adventure Cycling Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $426k (30% of expenses). At year end it held assets of $721k against liabilities of $0, net assets of $721k. It reported 10 employees.