Armstrong Cooper Basketball Inc

Analysis

Armstrong Cooper Basketball Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1997, 29 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, Armstrong Cooper Basketball Inc reported income of $169k and spending of $172k, spending 102% of its income. Across the 6 years on record, from August 2020 to May 2024, income fell from $177k to $169k (-4.3%), an average of -0.9% a year. The sharpest change came in the year to May 2024, when income rose by 114%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Armstrong Cooper Basketball Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Point Pleasant Soccer Club Inc ($169k), Freehold Football Inc Dba Freehold Revolution ($169k) and Miracle League of Frisco ($169k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 3.0% and program service revenue 89% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.