5 Boros Basketball Inc

Analysis

5 Boros Basketball Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2011, 15 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 April 2024, 5 Boros Basketball Inc reported income of $59k and spending of $52k, spending 88% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $57k to $59k (+3.0%), an average of +3.0% a year. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 5 Boros Basketball Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Westmoreland BMX Association ($59k), Tarpon Springs Youth Soccer Association Inc ($59k) and Coloma River Races Inc ($59k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $3,972, net assets of $16k.