Tennessee Heat Basketball

Analysis

Tennessee Heat Basketball is a registered charity in United States, based in Mount Juliet, TN. It received its IRS tax-exemption ruling in June 2016, 10 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, Tennessee Heat Basketball reported income of $383k and spending of $361k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $216k to $383k (+77%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tennessee Heat Basketball sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within TN. Charities of a similar size with the same main cause include River City Inclusive Gymnastics Inc ($383k), New Ulm Hockey Association Inc ($383k) and Friends of the Riverwalk Inc ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. At year end it held assets of $104k against liabilities of $21k, net assets of $84k.