Los Verdes Atx

Analysis

Los Verdes Atx is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2022, 4 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, Los Verdes Atx reported income of $189k and spending of $194k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $224k to $189k (-16%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Los Verdes Atx sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Fayetteville Manlius Soccer Club Inc ($189k), Friends of the Napa Valley Exposition Inc ($189k) and National Amateur Baseball Federation Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.