Nba Players Legacy Fund Inc

Analysis

Nba Players Legacy Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1986, 40 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 May 2024, Nba Players Legacy Fund Inc reported income of $1.1m and spending of $1.4m, spending 132% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.0m to $1.1m (+6.6%), an average of +1.6% a year. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nba Players Legacy Fund Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Columbia County Agricultural Society ($1.1m), Utah Arsenal Futbol Club ($1.1m) and Campton United Soccer Club Inc ($1.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $102k (7.1% of expenses). Other salaries and wages came to $58k. At year end it held assets of $1.2m against liabilities of $301k, net assets of $874k. It reported 2 employees.