Cache Valley Basketball Academy and Elite Teams

Analysis

Cache Valley Basketball Academy and Elite Teams is a registered charity in United States, based in Hyde Park, UT. It received its IRS tax-exemption ruling in December 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, Cache Valley Basketball Academy and Elite Teams reported income of $126k and spending of $126k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $175k to $126k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2021, when income rose by 49%. 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, Cache Valley Basketball Academy and Elite Teams sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within UT. Charities of a similar size with the same main cause include Williston Youth Athletic Association Inc ($126k), Carolina Sailing Foundation ($126k) and Adirondack Rugby Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.