USA Basketball

Analysis

USA Basketball is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in January 1976, 50 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 September 2023, USA Basketball reported income of $18.9m and spending of $19.3m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.4m to $18.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2021, when income rose by 115%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, USA Basketball sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Lift for Life Academy Inc ($18.8m), Wyo Complex ($19.0m) and Charlotte Sports Foundation ($18.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 24% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $2.6m (14% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $48.0m against liabilities of $10.1m, net assets of $38.0m. It reported 43 employees.