Lake Norman Little League Inc

Analysis

Lake Norman Little League Inc is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lake Norman Little League Inc reported income of $524k and spending of $599k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $524k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Norman Little League Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Western Piedmont Foundation Inc ($524k), Roxboro Christian Academy ($524k) and Gifts for Seniors ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.