Patriots Basketball Club

Analysis

Patriots Basketball Club is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2005, 21 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 June 2024, Patriots Basketball Club reported income of $332k and spending of $291k, spending 88% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $212k to $332k (+57%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Patriots Basketball Club sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within NE. Charities of a similar size with the same main cause include Victory Formation Foundation Inc ($331k), Los Gatos Little League ($332k) and Beltrami County Agricultural Association ($331k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 91% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.