Ken Lantzy Finest 40 All-Stars

Analysis

Ken Lantzy Finest 40 All-Stars is a registered charity in United States, based in Johnstown, PA. It received its IRS tax-exemption ruling in March 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 December 2023, Ken Lantzy Finest 40 All-Stars reported income of $86k and spending of $92k, spending 108% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $6,800 to $86k (+1158%), an average of +255% a year. The sharpest change came in the year to December 2022, when income rose by 1048%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ken Lantzy Finest 40 All-Stars sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within PA. Charities of a similar size with the same main cause include Nevada City Little League ($86k), Lansing Skating Club ($86k) and Lax Devils Lacrosse Club Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.