Inver Grove Heights Traveling Basketball Association

Analysis

Inver Grove Heights Traveling Basketball Association is a registered charity in United States, based in Inver Grove, MN. It received its IRS tax-exemption ruling in March 1994, 32 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 May 2024, Inver Grove Heights Traveling Basketball Association reported income of $60k and spending of $45k, leaving 26% of income unspent that year. Across the 3 years on record, from May 2020 to May 2024, income fell from $93k to $60k (-35%), an average of -19% a year. The sharpest change came in the year to May 2023, when income dropped by 37%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inver Grove Heights Traveling Basketball Association sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within MN. Charities of a similar size with the same main cause include Rim of the World Historical Society ($60k), Down Syndrome Supported Living Inc ($60k) and City of LA Vista Facilities Corpora Tion ($60k).

At year end it held assets of $58k against liabilities of $0, net assets of $58k.