Minnesota Thunder Basketball Program

Analysis

Minnesota Thunder Basketball Program is a registered charity in United States, based in Buffalo, MN. It received its IRS tax-exemption ruling in August 2007, 19 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, Minnesota Thunder Basketball Program reported income of $87k and spending of $67k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $87k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minnesota Thunder Basketball Program sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Neo Roy Hobbs Baseball Inc ($87k), Roseville Youth Lacrosse Club Inc ($87k) and Mentor Youth Hockey Booster Club ($87k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $24k. At year end it held assets of $50k against liabilities of $0, net assets of $50k. It reported 1 employees.