Greater Lorain Usbc

Analysis

Greater Lorain Usbc is a registered charity in United States, based in Avon Lake, OH. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Greater Lorain Usbc reported income of $71k and spending of $84k, spending 120% of what it took in. Across the 3 years on record, from July 2021 to July 2023, income grew from $58k to $71k (+22%), an average of +10% a year. The sharpest change came in the year to July 2022, when income rose by 16%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Lorain Usbc sits at the 33rd percentile: it is larger than about 32% 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 Greater Morris County Junior School Coaches Association Inc ($71k), Greek Orthodox Archdiocesandistrict Olympics Inc ($71k) and Waukegan Parks Foundation ($70k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 3.5% and program service revenue 49% of the total. At year end it held assets of $9,123 against liabilities of $0, net assets of $9,123.