Lphsa Inc

Analysis

Lphsa Inc is a registered charity in United States, based in Lake Placid, NY. It received its IRS tax-exemption ruling in March 2020, 6 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 September 2023, Lphsa Inc reported income of $2.5m and spending of $2.5m, spending 101% of its income. Across the 3 years on record, from September 2021 to September 2023, income fell from $3.0m to $2.5m (-17%), an average of -8.7% a year. The sharpest change came in the year to September 2022, when income dropped by 26%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lphsa Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Tap Cancer Out Inc ($2.5m), Dripping Springs Youth Sports Association ($2.5m) and Cherry Blossom Inc ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $77k (3.0% of expenses). Other salaries and wages came to $82k. At year end it held assets of $572k against liabilities of $276k, net assets of $296k. It reported 32 employees.