Leroy Springs & Company Inc

Analysis

Leroy Springs & Company Inc is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in August 1953, 73 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 December 2023, Leroy Springs & Company Inc reported income of $24.7m and spending of $20.4m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.6m to $24.7m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Leroy Springs & Company Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Bogus Basin Recreational Association Inc ($24.7m), Grace Adventures Ministries ($25.0m) and United States Center for Safesport ($24.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $412k (2.0% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $108.0m against liabilities of $2.5m, net assets of $105.4m. It reported 790 employees.