Fundamental Hoops Inc

Analysis

Fundamental Hoops Inc is a registered charity in United States, based in North Andover, MA. It received its IRS tax-exemption ruling in May 2009, 17 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 (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, Fundamental Hoops Inc reported income of $608k and spending of $588k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $608k (+99%), an average of +19% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. 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, Fundamental Hoops Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Winnipesaukee Ski Club Inc ($608k), Cincinnati Junior Rowing Club Inc ($608k) and Peninsula Girls Fastpitch Association ($607k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.