Irondale Basketball Association Inc

Analysis

Irondale Basketball Association Inc is a registered charity in United States, based in New Brighton, MN. It received its IRS tax-exemption ruling in June 1985, 41 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 June 2024, Irondale Basketball Association Inc reported income of $170k and spending of $167k, spending 98% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $148k to $170k (+15%), an average of +14% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Irondale Basketball Association Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Shredders MTB Inc ($170k), Brandon Area Soccer Association ($170k) and Orangecrest Pony Baseball Inc ($170k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.