Legends Basketball Inc

Analysis

Legends Basketball Inc is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in June 2009, 17 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 September 2023, Legends Basketball Inc reported income of $131k and spending of $100k, leaving 24% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $126k to $131k (+3.8%), an average of +3.8% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Legends Basketball Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within WI. Charities of a similar size with the same main cause include Trailblazers Booster Club ($131k), Air Race Classic Inc ($131k) and Milwaukie Junior Baseball Association ($131k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.