Lampasas Economic Development Corporation

Analysis

Lampasas Economic Development Corporation is a registered charity in United States, based in Lampasas, TX. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lampasas Economic Development Corporation reported income of $534k and spending of $310k, leaving 42% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $329k to $534k (+63%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 48%. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lampasas Economic Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($534k), Trussville United Soccer Club Inc ($534k) and Bulls Soccer Club Inc ($534k).

At year end it held assets of $4.5m against liabilities of $2.4m, net assets of $2.1m.