Lodi Basketball Academy

Analysis

Lodi Basketball Academy is a registered charity in United States, based in Lodi, CA. It received its IRS tax-exemption ruling in August 2006, 20 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 December 2023, Lodi Basketball Academy reported income of $65k and spending of $57k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $110k to $65k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lodi Basketball Academy sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Shining Stars Sports and Recreation Inc ($65k), Friends of Barnegat Lighthousestate Park a NJ Nonprofit Corporati ($65k) and Westwood Youth Softball Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 29% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.