Fredericksburg Lacrosse Club Inc

Analysis

Fredericksburg Lacrosse Club Inc is a registered charity in United States, based in Fredericksburg, VA. It received its IRS tax-exemption ruling in July 2019, 7 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, Fredericksburg Lacrosse Club Inc reported income of $77k and spending of $75k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $116k to $77k (-33%), an average of -9.7% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fredericksburg Lacrosse Club Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include CB South Ice Hockey ($77k), Hillsboro Girls Softball Association ($77k) and Tullahoma Soccer Association ($77k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $112k against liabilities of $2,525, net assets of $109k.