Michigans Capital Area Basketball Club

Analysis

Michigans Capital Area Basketball Club is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in March 2010, 16 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, Michigans Capital Area Basketball Club reported income of $256k and spending of $252k, spending 98% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $213k to $256k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Michigans Capital Area Basketball Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Lanier Football Officials Association Incorporated ($256k), Southern California Association USA Track & Field Inc ($256k) and Goals for Girls Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $21k (8.3% of expenses). At year end it held assets of $70k against liabilities of $0, net assets of $70k.