Laney Memorial Tournament

Analysis

Laney Memorial Tournament is a registered charity in United States, based in Winesburg, OH. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Laney Memorial Tournament reported income of $259k and spending of $220k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $210k to $259k (+23%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laney Memorial Tournament sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Love Chatham ($259k), Open Style Lab Inc ($259k) and Good Hope Equestrian & Regenerative ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.