Muslim Basketball

Analysis

Muslim Basketball is a registered charity in United States, based in Hackettstown, NJ. It received its IRS tax-exemption ruling in March 2022, 4 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, Muslim Basketball reported income of $55k and spending of $58k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $55k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Muslim Basketball sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include New Albany Lacrosse Association Inc ($55k), Sapulpa Soccer Club ($55k) and Chetek Hydroflites Incorporated ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $91k against liabilities of $39k, net assets of $52k.