Colorado Basketball Club

Analysis

Colorado Basketball Club is a registered charity in United States, based in Lone Tree, CO. It received its IRS tax-exemption ruling in August 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 (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 Basketball Club reported income of $183k and spending of $197k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $183k (-36%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 193%. 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 Basketball Club sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 48th percentile within CO. Charities of a similar size with the same main cause include Matsu Ski and Snowboard Club ($183k), Wakefield Crew Boosters ($183k) and St Francis Youth Hockey Association ($183k).

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 $27k. At year end it held assets of $9,672 against liabilities of $5,704, net assets of $3,968.