Austin Youth Basketball Corporation

Analysis

Austin Youth Basketball Corporation is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Austin Youth Basketball Corporation reported income of $80k and spending of $50k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $65k to $80k (+23%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 231%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Austin Youth Basketball Corporation sits at the 35th percentile: it is larger than about 35% 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 Regents of the University of Minnesota ($80k), Franklin Griz Club ($80k) and Kids in Discipleship & Service ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 40% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.