Li Knights VBC Inc

Analysis

Li Knights VBC Inc is a registered charity in United States, based in Valley Stream, NY. It received its IRS tax-exemption ruling in December 2021, 5 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, Li Knights VBC Inc reported income of $178k and spending of $166k, spending 93% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $93k to $178k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Li Knights VBC Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Broken Arrow Amateur Basketball Association Inc ($178k), San Francisco Calheat ($178k) and Squash and Education Alliance International Inc ($178k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.