Texas Express Basketball Club Inc

Analysis

Texas Express Basketball Club Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Texas Express Basketball Club Inc reported income of $850k and spending of $733k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $598k to $850k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Express Basketball Club Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include The Leon Hammer Legacy Foundation Inc ($849k), San Miguel Educational Fund ($850k) and Charlestown Playhouse Inc ($849k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $221k. At year end it held assets of $822k against liabilities of $103k, net assets of $719k. It reported 2 employees.