Liberty Select Basketball Association

Analysis

Liberty Select Basketball Association is a registered charity in United States, based in Newcastle, WA. It received its IRS tax-exemption ruling in November 2011, 15 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 2023, Liberty Select Basketball Association reported income of $185k and spending of $175k, spending 95% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $115k to $185k (+61%), an average of +17% a year. The sharpest change came in the year to August 2022, when income rose by 532%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Liberty Select Basketball Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within WA. Charities of a similar size with the same main cause include Seashore Soccer League Inc ($185k), Greater New York Chinese American Hockey ($185k) and Texas Lightning Youth Soccer ($185k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.7% and program service revenue 70% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.