Lagos Studies Association Inc

Analysis

Lagos Studies Association Inc is a registered charity in United States, based in Waynesville, NC. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lagos Studies Association Inc reported income of $53k and spending of $50k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $53k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lagos Studies Association Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Jessica Costanzo Scholarship Fund Inc ($53k), Missouri Association of Building Officials and Inspectors ($53k) and Dance Express ($53k).

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 $13k against liabilities of $0, net assets of $13k.