Lakers Sports Club Inc

Analysis

Lakers Sports Club Inc is a registered charity in United States, based in Mountain LKS, NJ. It received its IRS tax-exemption ruling in December 2004, 22 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 June 2024, Lakers Sports Club Inc reported income of $57k and spending of $65k, spending 114% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $57k to $57k (+0.6%), an average of +0.6% a year. Over the whole period it spent 138% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakers Sports Club Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Orange County Top Tennis ($57k), National Bird Hunters Association Inc ($57k) and Twin Cities Wrestling Club Inc ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 18% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.