Hoop Dreams Basketball Club Inc

Analysis

Hoop Dreams Basketball Club Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 2021, 5 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, Hoop Dreams Basketball Club Inc reported income of $89k and spending of $102k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $89k (+5.2%), an average of +5.2% a year. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hoop Dreams Basketball Club Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within KY. Charities of a similar size with the same main cause include West Madison Nica Mountain Bike Teams Inc ($89k), Southwest Florida Figure Skating Club Inc ($89k) and Mon River Mudcats Baseball Club ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1,522 against liabilities of $33k, net assets of -$32k.