Redondo Beach Youth Basketball Inc

Analysis

Redondo Beach Youth Basketball Inc is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in January 2024, 2 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 June 2023, Redondo Beach Youth Basketball Inc reported income of $126k and spending of $127k, spending 100% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $2,780 to $126k (+4447%), an average of +574% a year. The sharpest change came in the year to June 2023, when income rose by 2106483%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Redondo Beach Youth Basketball Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Kaukauna Quarterback Club Inc ($126k), Fury Fastpitch STL ($126k) and The Gardenworks Project ($126k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.