Lyles Brothers Sports Foundation Inc

Analysis

Lyles Brothers Sports Foundation Inc is a registered charity in United States, based in Howey in HLS, FL. It received its IRS tax-exemption ruling in April 2021, 5 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 December 2023, Lyles Brothers Sports Foundation Inc reported income of $90k and spending of $88k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $195k to $90k (-54%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lyles Brothers Sports Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Plainville Camp Grounds Association Inc ($90k), Hancock Trails Club ($90k) and Westport United Youth Soccer Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $5,460, net assets of -$5,459.