Italian American Lacrosse Foundation Inc

Analysis

Italian American Lacrosse Foundation Inc is a registered charity in United States, based in Sudbury, MA. It received its IRS tax-exemption ruling in February 2023, 3 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, Italian American Lacrosse Foundation Inc reported income of $81k and spending of $180k, spending 222% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14k to $81k (+465%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 1035%. 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, Italian American Lacrosse Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Take a Soldier Fishing Inc ($81k), New Albany Hockey Club ($81k) and Sauk Prairie Strikers Soccer Club Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.