Great Falls Basketball Inc

Analysis

Great Falls Basketball Inc is a registered charity in United States, based in Great Falls, VA. It received its IRS tax-exemption ruling in June 2008, 18 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 August 2023, Great Falls Basketball Inc reported income of $365k and spending of $338k, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $337k to $365k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to August 2022, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Great Falls Basketball Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Babe Ruth Baseball of Stamford Inc ($365k), WC Hockey NFP ($365k) and Waller County Sports Assoc Inc ($365k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. At year end it held assets of $364k against liabilities of $13k, net assets of $350k.