Yme Hoops Club

Analysis

Yme Hoops Club is a registered charity in United States, based in Granite Falls, MN. It received its IRS tax-exemption ruling in August 2011, 15 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, Yme Hoops Club reported income of $70k and spending of $57k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $70k (+75%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Yme Hoops Club sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MN. Charities of a similar size with the same main cause include Long Island Falcons Travel Baseball ($70k), Lewis Clark Amateur Hockey Association ($70k) and Hillsdale Baseball Association Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 38% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.