Allatoona Basketball Tip Off Club

Analysis

Allatoona Basketball Tip Off Club is a registered charity in United States, based in Acworth, GA. It received its IRS tax-exemption ruling in September 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 July 2024, Allatoona Basketball Tip Off Club reported income of $189k and spending of $182k, spending 96% of its income. Across the 4 years on record, from July 2020 to July 2024, income grew from $127k to $189k (+49%), an average of +14% a year. The sharpest change came in the year to July 2024, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Allatoona Basketball Tip Off Club sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include Greeley Griffins Hockey Association ($189k), Newport Harbor High School Girls Soccer ($189k) and Ashwaubenon Youth Baseball Organization ($189k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.