Literally Athletic Building

Analysis

Literally Athletic Building is a registered charity in United States, based in Muscatine, IA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Literally Athletic Building reported income of $104k and spending of $117k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $230k to $104k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Literally Athletic Building sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within IA. Charities of a similar size with the same main cause include Ydt Alumni Chesed Fund Inc ($104k), Anointing Fire Catholic Ministry Atlanta Inc ($104k) and Reach-Out Colorado Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $223k against liabilities of $0, net assets of $223k.