Lancair Owners and Builders Organization

Analysis

Lancair Owners and Builders Organization is a registered charity in United States, based in HGHLNDS Ranch, CO. It received its IRS tax-exemption ruling in July 2016, 10 years ago. 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, Lancair Owners and Builders Organization reported income of $74k and spending of $77k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $74k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lancair Owners and Builders Organization sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 25th percentile within CO. Charities of a similar size with the same main cause include Greater Des Moines Catholic Football League Inc ($74k), Maryland Creative Problem Solvers Inc ($74k) and PTA California Congress of Parents Teachers & Students Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.2% of the total. At year end it held assets of $340k against liabilities of $472, net assets of $339k.