Lamar Soccer Club Inc

Analysis

Lamar Soccer Club Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in September 1998, 28 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, Lamar Soccer Club Inc reported income of $88k and spending of $87k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $88k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lamar Soccer Club Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Bourbonnais Dynamo Soccerassociation ($88k), New York Lady Nightmares Fastpitch Inc ($88k) and Cold Spring Area Youth Sports Association ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. At year end it held assets of $368k against liabilities of $0, net assets of $368k.