Central Minnesota Basketball Club Inc

Analysis

Central Minnesota Basketball Club Inc is a registered charity in United States, based in Sartell, MN. It received its IRS tax-exemption ruling in April 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Central Minnesota Basketball Club Inc reported income of $523k and spending of $481k, spending 92% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $250k to $523k (+109%), an average of +20% a year. The sharpest change came in the year to August 2021, when income rose by 91%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Minnesota Basketball Club Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Monroe Camp and Retreat Center Inc ($523k), Classic Basketball Inc ($523k) and LA Costa Youth Organization ($523k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.