Wilmington Lacrosse Club Ltd

Analysis

Wilmington Lacrosse Club Ltd is a registered charity in United States, based in Writsvlle BCH, NC. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wilmington Lacrosse Club Ltd reported income of $93k and spending of $96k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $93k (+161%), an average of +161% a year. The sharpest change came in the year to December 2023, when income rose by 161%. 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, Wilmington Lacrosse Club Ltd sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Little League Baseball Inc ($93k), Mountain Top Jr Comets ($93k) and Elgin Youth Soccer Association ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $6,480 against liabilities of $0, net assets of $6,480.