Supreme Court Basketball Inc

Analysis

Supreme Court Basketball Inc is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Supreme Court Basketball Inc reported income of $161k and spending of $81k, leaving 50% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income grew from $95k to $161k (+70%), an average of +70% a year. The sharpest change came in the year to July 2024, when income rose by 70%. Over the whole period it spent 60% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Supreme Court Basketball Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Camp Rainbow Inc ($161k), Hendricks Avenue Community Athletic Association Inc ($161k) and River City Aquatics ($161k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.