Local Charity Fund Inc

Analysis

Local Charity Fund Inc is a registered charity in United States, based in Hudson, WI. It received its IRS tax-exemption ruling in November 2018, 8 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, Local Charity Fund Inc reported income of $114k and spending of $109k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $114k (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Local Charity Fund Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within WI. Charities of a similar size with the same main cause include Bartlett Athletic & Recreation Association ($114k), Shermalot Water Ski Club Inc ($114k) and Seckman Ice Hockey Club ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.