Wells Prep Basketball

Analysis

Wells Prep Basketball is a registered charity in United States, based in Tigard, OR. It received its IRS tax-exemption ruling in July 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 April 2024, Wells Prep Basketball reported income of $62k and spending of $63k, spending 101% of its income. The sharpest change came in the year to April 2024, when income rose by 17%. 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, Wells Prep Basketball sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within OR. Charities of a similar size with the same main cause include Thompson Rivers Foundation ($62k), Celestine Park Inc ($62k) and Garden State Games Committee Inc ($62k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.