Stma Boys Basketball Association

Analysis

Stma Boys Basketball Association is a registered charity in United States, based in Albertville, MN. It received its IRS tax-exemption ruling in August 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 December 2023, Stma Boys Basketball Association reported income of $214k and spending of $220k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $214k (+98%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 26%. 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, Stma Boys Basketball Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Ausblick Ski Race Team Corporation ($214k), Umpqua Valley Tennis Center Inc ($214k) and Bowling Green Pee Wee League Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.