Nems Lax

Analysis

Nems Lax is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in September 2016, 10 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 2024, Nems Lax reported income of $208k and spending of $384k, spending 184% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $292k to $208k (-29%), an average of -8.1% a year. The sharpest change came in the year to July 2024, when income dropped by 35%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nems Lax sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Edgemont S C Inc ($208k), Batesville Soccer Club Inc ($208k) and Figure Skating Club of Park City Inc ($208k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 101% of the total. At year end it held assets of $100k against liabilities of $35k, net assets of $65k.