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Laser Class Association Inc

EIN 46-3045188 · Austin, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood83 out of 100GovernanceFair67 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

To foster national and international amateur athletic competition in the sport of sailing ILCA class sailboats, including conducting national and international sports competitions for Olympic athletes and athletes seeking to qualify for the Olympic Games. To ensure the strict "one-design" nature of the ILCA class sailboat and foster communication among the organization's members.

Income
$2.4 million
Spending
$2.3 million
Spent on programs
76%
Reserves
7 months of spending
Largest source of income
fees for its services, 89%
Employees
0
Volunteers
500

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 83 out of 100. Higher than 61% of charities in its peer group (recreation and sports, $1m to $10m).

  • Reserves

    28 of 35

    Spendable reserves would cover 7.0 months of spending.

  • Debt

    10 of 20

    It owes 48% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 5% of income.

  • Income trend

    15 of 15

    Income rose 9% on the year before.

  • Spending floor

    15 of 15

    76% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 67 out of 100. Higher than 42% of charities in its peer group (recreation and sports, $1m to $10m).

  • Independent board

    25 of 25

    8 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    9 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $991,433 spent. Organization and Management of Sailing Competitions -- Scheduled, organized, and managed seven world championship sailing competitions serving over 1400 athletes from over 110 countries. Competitions included Olympic qualification events for men and women and three age-specific events (youth and masters). Provided equitable entry process services utilizing custom-built web applications to assure equal access to events for all countries in accordance with the Olympic Charter. Arranged over 80 volunteer race officials, international judges, and measurers to support events. Provided on site support and oversaw the conduct of all racing and equipment inspections.
  2. $536,248 spent. Equipment Certification -- Ensured the principles of equality and fair play through the certification of sailing equipment to be used in competition. Carried out inspections and audits of all equipment manufacturers to ensure compliance with rules and building specifications. Carried out equipment inspections on-site at events to ensure all equipment meets rules and manufacturing requirements. Oversaw and managed updates and change register for the technical building specifications documents. Trained and certified six new volunteer measurers and equipment inspectors for use in future events.
  3. $215,285 spent. Media and Publications -- Facilitated communication with athletes around the world by publishing news and information on websites and social media reaching over 500,000 people worldwide. Handled media and press coverage for sailing competitions for all World Championships. Managed and updated social media and website with current news and information about ILCA sailing events. Published annual handbook with rules and regulations to inform athletes of compliance requirements and assure fair and equal competition at events worldwide.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2015.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.