Louisville Urban League Sports and Learning Complex Inc

Analysis

Louisville Urban League Sports and Learning Complex Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Louisville Urban League Sports and Learning Complex Inc reported income of $3.7m and spending of $4.8m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $3.7m (-9.1%), an average of -2.4% a year. The sharpest change came in the year to June 2020, when income rose by 744%. Over the whole period it spent 24% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Louisville Urban League Sports and Learning Complex Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include National Sports Center for the Disabled Inc ($3.7m), Morgans Wonderland ($3.7m) and Sailfuture Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 0.6% of the total. At year end it held assets of $61.3m against liabilities of $33.8m, net assets of $27.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.