Hoops for Youth

Analysis

Hoops for Youth is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Hoops for Youth reported income of $191k and spending of $117k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $104k to $191k (+83%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hoops for Youth sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Demopolis City Schools Foundation Inc ($191k), Aitec Gives Back Foundation ($191k) and Vicksburg-Warren County Chamber of Commerce Community Fund Inc ($191k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $215k against liabilities of $0, net assets of $215k.