Lafayette Cheer Boosters

Analysis

Lafayette Cheer Boosters is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 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, Lafayette Cheer Boosters reported income of $85k and spending of $76k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $85k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lafayette Cheer Boosters sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within KY. Charities of a similar size with the same main cause include Smash Fastpitch ($85k), Southern Maryland Sailing Foundation Inc ($85k) and Tigard Blast Fastpitch Softball Association ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.