Lancer Legacy Inc

Analysis

Lancer Legacy Inc is a registered charity in United States, based in Eldridge, IA. It received its IRS tax-exemption ruling in January 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 2024, Lancer Legacy Inc reported income of $320k and spending of $301k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $393k to $320k (-19%), an average of -5.0% a year. The sharpest change came in the year to June 2024, when income rose by 302242%. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lancer Legacy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within IA. Charities of a similar size with the same main cause include Jersey County Fair Association ($320k), Philadelphia Soccer Club of Northeast Philadelphia ($321k) and Community Recreational Council of Chillicothe Ohio ($320k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.