Connecticut Storm Basketball Club Inc

Analysis

Connecticut Storm Basketball Club Inc is a registered charity in United States, based in Colchester, CT. It received its IRS tax-exemption ruling in May 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Connecticut Storm Basketball Club Inc reported income of $156k and spending of $160k, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $112k to $156k (+39%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Connecticut Storm Basketball Club Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($156k), Goshen Stars Soccer Club Inc ($156k) and Plainville Athletic League Inc ($156k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $38k (24% of expenses). At year end it held assets of $29k against liabilities of $0, net assets of $29k.