Sierra Nevada Basketball Inc

Analysis

Sierra Nevada Basketball Inc is a registered charity in United States, based in Sparks, NV. It received its IRS tax-exemption ruling in August 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 May 2024, Sierra Nevada Basketball Inc reported income of $484k and spending of $489k, spending 101% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $276k to $484k (+75%), an average of +32% a year. The sharpest change came in the year to May 2023, when income rose by 37%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sierra Nevada Basketball Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within NV. Charities of a similar size with the same main cause include Greater Flint Hockey Association ($484k), Roosevelt Athletic Boosters Club ($484k) and Holy Name Hockey Association Inc ($483k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $29k (5.9% of expenses). At year end it held assets of $2,495 against liabilities of $3,948, net assets of -$1,453.