Jacket Hoop Boosters Inc

Analysis

Jacket Hoop Boosters Inc is a registered charity in United States, based in Cambridge, MN. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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 July 2023, Jacket Hoop Boosters Inc reported income of $80k and spending of $89k, spending 111% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income grew from $74k to $80k (+7.4%), an average of +7.4% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jacket Hoop Boosters Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include Hope Floats for Veterans ($80k), Leadership Shelby County Inc ($80k) and Friends of the Library of St Johns County Inc ($80k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 3.9% and program service revenue 88% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.