Verve Lacrosse

Analysis

Verve Lacrosse is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Verve Lacrosse reported income of $371k and spending of $393k, spending 106% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income grew from $293k to $371k (+27%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 109% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Verve Lacrosse sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Core Creative Collective Inc ($371k), Big Brothers Big Sisters of Shelby and Darke County ($372k) and Arizona Urban Youth Ministries ($371k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $113k (29% of expenses). At year end it held assets of $62k against liabilities of $157k, net assets of -$95k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.