Lakeville South Boys Basketball Association

Analysis

Lakeville South Boys Basketball Association is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in June 2007, 19 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, Lakeville South Boys Basketball Association reported income of $310k and spending of $258k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $310k (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakeville South Boys Basketball Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Juneau Douglas Ice Association ($310k), Sporting F C Inc ($310k) and Wolverine Club ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 96% of the total. At year end it held assets of $327k against liabilities of $0, net assets of $327k.