Colorado Titans Basketball Club

Analysis

Colorado Titans Basketball Club is a registered charity in United States, based in Erie, CO. It received its IRS tax-exemption ruling in November 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, Colorado Titans Basketball Club reported income of $884k and spending of $948k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $640k to $884k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colorado Titans Basketball Club sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include Eastshore Alliance Futbol Club Inc ($884k), North Carolina Recreation and Park Association Inc ($884k) and Copper Cannon Corporation ($883k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $65k (6.9% of expenses). At year end it held assets of $22k against liabilities of $0, net assets of $22k.