El Toro Boys Basketball

Analysis

El Toro Boys Basketball is a registered charity in United States, based in Lake Forest, CA. It received its IRS tax-exemption ruling in December 2006, 20 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, El Toro Boys Basketball reported income of $63k and spending of $63k, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $84k to $63k (-25%), an average of -25% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, El Toro Boys Basketball sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include West Feliciana Diamond Backers Club ($63k), Heritage Lacrosse Club Inc ($63k) and Warhawks Wrestling ($63k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 43% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.