Basketball Embassy

Analysis

Basketball Embassy is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2017, 9 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, Basketball Embassy reported income of $53k and spending of $73k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $53k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Basketball Embassy sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Greater Toledo Inline Hockey League ($53k), Lake Tahoe Bicycle Coalition ($53k) and Ny Girls Baseball Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 14% of the total. At year end it held assets of $35k against liabilities of $1,058, net assets of $34k.