South Florida Youth Basketball Inc

Analysis

South Florida Youth Basketball Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in December 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, South Florida Youth Basketball Inc reported income of $372k and spending of $356k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $372k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, South Florida Youth Basketball Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include North Gwinnett High School Touch Down Club Inc ($372k), Combined Cathedral Crews Rowing Club Inc ($372k) and Alpharetta Youth Baseball Association Inc ($372k).

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 $195k against liabilities of $1,169, net assets of $194k.