Homegrown Lacrosse Corporation
Homegrown Lacrosse Corporation shows consistent growth with no reported officer compensation, though recent expenses exceeded revenue.
EIN: 201956993 · Minneapolis, MN · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $461K |
| Transparency Score | 85/100 |
Is Homegrown Lacrosse Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homegrown Lacrosse Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homegrown Lacrosse Corporation
Homegrown Lacrosse Corporation (EIN: 201956993) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code N60. The organization reported total revenue of $3.1M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homegrown Lacrosse Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homegrown Lacrosse Corporation is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-146,936 |
| Total Assets | $1.4M |
| Total Liabilities | $933K |
| Net Assets | $461K |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 67.0% |
| Months of Reserves | 7.4 months |
Financial Health Grade: C
In 2023, Homegrown Lacrosse Corporation reported a deficit of $147K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 67.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Homegrown Lacrosse Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.1% | +31.6% | +8.4% |
| 2022 | +25.0% | +49.5% | +24.3% |
| 2021 | +75.1% | +31.9% | +12.5% |
| 2020 | -34.6% | -35.6% | +28.6% |
| 2019 | -9.1% | -7.3% | -13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Homegrown Lacrosse Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Homegrown Lacrosse Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $147K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with revenues exceeding $2 million. This suggests either a fully volunteer executive leadership or compensation structured in a way not categorized as 'officer compensation' on the 990 summary, warranting deeper review of the full tax forms.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Homegrown Lacrosse Corporation's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size is unusual and warrants further investigation into how leadership is compensated or if it's truly volunteer-led.
- Expenses exceeded revenue in the most recent filing period (202308), indicating a deficit for that year.
Strengths
The following positive indicators were identified for Homegrown Lacrosse Corporation:
- Consistent growth in revenue and assets over the past decade, indicating expanding operations and financial stability.
- Strong indicator of program efficiency due to consistent 0% reported officer compensation, suggesting funds are directed away from executive salaries.
- Excellent transparency with 13 IRS 990 filings available, demonstrating a commitment to public disclosure.
- Healthy asset base, with assets consistently exceeding liabilities, indicating financial solvency.
Frequently Asked Questions about Homegrown Lacrosse Corporation
Is Homegrown Lacrosse Corporation a legitimate charity?
Homegrown Lacrosse Corporation (EIN: 201956993) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Homegrown Lacrosse Corporation spend its money?
Homegrown Lacrosse Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Homegrown Lacrosse Corporation tax-deductible?
Homegrown Lacrosse Corporation is registered as a tax-exempt nonprofit (EIN: 201956993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Homegrown Lacrosse Corporation CEO make?
Homegrown Lacrosse Corporation's highest-compensated officer earns $2 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Homegrown Lacrosse Corporation's spending goes to programs?
Homegrown Lacrosse Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homegrown Lacrosse Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Homegrown Lacrosse Corporation is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homegrown Lacrosse Corporation located?
Homegrown Lacrosse Corporation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 201956993. It is classified under NTEE code N60.
How many years of IRS 990 filings does Homegrown Lacrosse Corporation have?
Homegrown Lacrosse Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.1M in total revenue.
How does Homegrown Lacrosse Corporation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with revenues exceeding $2 million. This could indicate a fully volunteer executive leadership, or that executive compensation is structured and reported under different expense categories, which would require a detailed review of the full IRS Form 990s to understand.
What caused the deficit in the 202308 fiscal period?
In the 202308 period, expenses ($2,261,928) exceeded revenue ($2,114,992) by $146,936. Without detailed expense breakdowns, it's difficult to pinpoint the exact cause, but it could be due to increased program costs, administrative overhead, or a temporary dip in fundraising.
Is the organization's increasing liability a concern?
Liabilities have steadily increased from $291,638 in 201412 to $933,311 in 202308. While increasing liabilities can be a concern, they should be evaluated in relation to assets. The asset-to-liability ratio has remained relatively stable (e.g., $1,394,025 assets to $933,311 liabilities in 202308), suggesting the organization has sufficient assets to cover its debts, but continued monitoring is advisable.
Filing History
IRS 990 filing history for Homegrown Lacrosse Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Homegrown Lacrosse Corporation's revenue has grown by 216.6%, moving from $668K to $2.1M. Total assets increased by 543.7% over the same period, from $217K to $1.4M. Total functional expenses rose by 254.6%, from $638K to $2.3M. In its most recent filing year (2023), Homegrown Lacrosse Corporation reported a deficit of $147K, with expenses exceeding revenue. The organization holds $933K in liabilities against $1.4M in assets (debt-to-asset ratio: 67.0%), resulting in net assets of $461K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.3M | $1.4M | $933K | — | View 990 |
| 2022 | $1.8M | $1.7M | $1.3M | $678K | — | View 990 |
| 2021 | $1.5M | $1.2M | $1.0M | $529K | — | View 990 |
| 2020 | $833K | $872K | $919K | $722K | — | — |
| 2019 | $1.3M | $1.4M | $715K | $478K | — | View 990 |
| 2018 | $1.4M | $1.5M | $827K | $508K | — | View 990 |
| 2017 | $1.7M | $1.6M | $921K | $540K | — | View 990 |
| 2016 | $1.4M | $1.4M | $969K | $633K | — | View 990 |
| 2015 | $1.8M | $1.7M | $1.0M | $656K | — | View 990 |
| 2014 | $1.6M | $1.4M | $567K | $292K | — | View 990 |
| 2013 | $1.1M | $1.1M | $476K | $346K | — | View 990 |
| 2012 | $869K | $770K | $289K | $140K | — | View 990 |
| 2011 | $668K | $638K | $217K | $166K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.3M, and assets of $1.4M (revenue +16.1% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $1.3M (revenue +25.0% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.2M, and assets of $1.0M (revenue +75.1% year-over-year).
- 2020: Revenue of $833K, expenses of $872K, and assets of $919K (revenue -34.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.4M, and assets of $715K (revenue -9.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.5M, and assets of $827K (revenue -17.3% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $921K (revenue +25.1% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $969K (revenue -25.5% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $1.0M (revenue +14.0% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $567K (revenue +50.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $476K (revenue +21.7% year-over-year).
- 2012: Revenue of $869K, expenses of $770K, and assets of $289K (revenue +30.0% year-over-year).
- 2011: Revenue of $668K, expenses of $638K, and assets of $217K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homegrown Lacrosse Corporation:
Data Sources and Methodology
This transparency report for Homegrown Lacrosse Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.