Mahtomedi Basketball Association

Analysis

Mahtomedi Basketball Association is a registered charity in United States, based in Lake Elmo, MN. It received its IRS tax-exemption ruling in June 1991, 35 years ago. 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 December 2023, Mahtomedi Basketball Association reported income of $153k and spending of $163k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $166k to $153k (-8.1%), an average of -8.1% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mahtomedi Basketball Association sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Friends of the Leesburg Library Incorporated ($153k), American Sri Lanka Buddist Association ($153k) and Road Runners Club of America ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $239k against liabilities of $9,436, net assets of $229k.