Lacey Lions Basketball

Analysis

Lacey Lions Basketball is a registered charity in United States, based in Forked River, NJ. 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 (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, Lacey Lions Basketball reported income of $119k and spending of $95k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $119k (-5.7%), an average of -5.7% a year. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lacey Lions Basketball sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Bristol Youth Soccer Association ($119k), Pennsylvania Barge Club ($119k) and Opportunities Unlimited for the Blind Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.