Gil Basketball Academy

Analysis

Gil Basketball Academy is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in April 2010, 16 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 December 2023, Gil Basketball Academy reported income of $811k and spending of $741k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $325k to $811k (+149%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gil Basketball Academy sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Siouxland Freedom Park Inc ($810k), Central Austin Hockey Association ($811k) and Saratoga Youth Soccer Club ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2,083. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1 employees.