Portsmouth Youth Basketball

Analysis

Portsmouth Youth Basketball is a registered charity in United States, based in Portsmouth, RI. It received its IRS tax-exemption ruling in December 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 August 2023, Portsmouth Youth Basketball reported income of $95k and spending of $68k, leaving 28% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $93k to $95k (+2.6%), an average of +2.6% a year. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Portsmouth Youth Basketball sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within RI. Charities of a similar size with the same main cause include Kootenai Winter Sports Ski Education Foundation Inc ($95k), Celtics Baseball Inc ($95k) and Minneapolis Novas Boys High School Hockey Team Inc ($95k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 5.3% and program service revenue 84% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.