Hanover Youth Basketball League

Analysis

Hanover Youth Basketball League is a registered charity in United States, based in Mechanicsvlle, VA. It received its IRS tax-exemption ruling in June 2011, 15 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, Hanover Youth Basketball League reported income of $134k and spending of $143k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $124k to $134k (+7.6%), an average of +7.6% a year. Over the whole period it spent 114% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hanover Youth Basketball League sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include Aldermarsh ($134k), Newport Swim Team Inc ($134k) and Illowa Youth Soccer League Inc ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $177k against liabilities of $0, net assets of $177k.