Hoops and Dreams Foundation Inc

Analysis

Hoops and Dreams Foundation Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in July 2019, 7 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, Hoops and Dreams Foundation Inc reported income of $135k and spending of $136k, spending 101% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $145k to $135k (-6.9%), an average of -6.9% a year. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hoops and Dreams Foundation 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 45th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Pacific Grove Pony Baseball Inc ($135k), Washington Amateur Softball Association ($135k) and Five Cities Youth Football League Inc ($135k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.