Mankato Basketball Association Inc

Analysis

Mankato Basketball Association Inc is a registered charity in United States, based in North Mankato, MN. It received its IRS tax-exemption ruling in November 1991, 35 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 May 2024, Mankato Basketball Association Inc reported income of $148k and spending of $116k, leaving 22% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $113k to $148k (+32%), an average of +32% a year. The sharpest change came in the year to May 2024, when income rose by 32%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mankato Basketball Association Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Northeast Division of the Gaelic Athletic Association ($148k), R F Youth Boxing Inc ($148k) and Girls Golf Club of Northern Colorado ($148k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.