Strippers United Inc

Analysis

Strippers United Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Strippers United Inc reported income of $98k and spending of $98k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $98k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Strippers United Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Hickory Hill Community Redevelopment Corporation ($98k), Thrive Lemon Grove ($98k) and Chamber of Manitowoc County Foundation Inc ($98k).

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 $98k against liabilities of $0, net assets of $98k.