FB Lax

Analysis

FB Lax is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, FB Lax reported income of $83k and spending of $100k, spending 120% of what it took in. Across the 3 years on record, from July 2022 to July 2024, income fell from $99k to $83k (-16%), an average of -8.3% a year. The sharpest change came in the year to July 2023, when income dropped by 22%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FB Lax sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include American Youth Football Inc ($83k), Silver Bluff Athletic Booster Club ($83k) and Twirling Sweet Sensations ($83k).

On its Form 990-EZ for the period ending July 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.