Fun and Freedom Basketball Inc

Analysis

Fun and Freedom Basketball Inc is a registered charity in United States, based in Tarentum, PA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Fun and Freedom Basketball Inc reported income of $71k and spending of $78k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $71k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 113% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fun and Freedom Basketball Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Davenport Wildcats Ysp ($71k), The Center ($71k) and Musical Mime Company Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 32% of the total. At year end it held assets of $14k against liabilities of $2,955, net assets of $11k.