Osseo Maple Grove Basketball Association

Analysis

Osseo Maple Grove Basketball Association is a registered charity in United States, based in Maple Grove, MN. It received its IRS tax-exemption ruling in September 1993, 33 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 May 2023, Osseo Maple Grove Basketball Association reported income of $689k and spending of $553k, spending 80% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $707k to $689k (-2.6%), an average of -0.9% a year. The sharpest change came in the year to May 2022, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Osseo Maple Grove Basketball Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include THZ Baseball Academy ($688k), Pine-Richland Youth Center ($689k) and Daybreak Camp Inc ($688k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.