LGKM

Analysis

LGKM is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 2017, 9 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 2023, LGKM reported income of $1.3m and spending of $1.4m, spending 108% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $662k to $1.3m (+92%), an average of +24% a year. The sharpest change came in the year to July 2022, when income rose by 29%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, LGKM sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NV. Charities of a similar size with the same main cause include Yuba Community College District Foundation ($1.3m), Park Management Company Inc ($1.3m) and Westport Soccer Association Inc ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $37k (2.7% of expenses). Other salaries and wages came to $264k. At year end it held assets of $373k against liabilities of $549k, net assets of -$176k. It reported 45 employees.