Liberty Hill Fishing Team

Analysis

Liberty Hill Fishing Team is a registered charity in United States, based in Liberty Hill, TX. It received its IRS tax-exemption ruling in December 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 July 2023, Liberty Hill Fishing Team reported income of $51k and spending of $72k, spending 142% of what it took in. Across the 3 years on record, from July 2021 to July 2023, income fell from $89k to $51k (-43%), an average of -25% a year. The sharpest change came in the year to July 2022, when income dropped by 44%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Liberty Hill Fishing Team sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Avon Wrestling Club Inc ($51k), Veteran Outdoors Inc ($51k) and Friends of the Fairgrounds Inc ($51k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.