Lrvi FC

Analysis

Lrvi FC is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in January 2022, 4 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, Lrvi FC reported income of $222k and spending of $235k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $63k to $222k (+254%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lrvi FC sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within VI. Charities of a similar size with the same main cause include Coyotes Lacrosse Club Inc ($222k), Orange County Fair Association Inc ($222k) and Apple Valley Soccer Club ($222k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.