Ybl Basketball Inc

Analysis

Ybl Basketball Inc is a registered charity in United States, based in Oakland GDNS, NY. It received its IRS tax-exemption ruling in March 2014, 12 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 February 2023, Ybl Basketball Inc reported income of $401k and spending of $305k, leaving 24% of income unspent that year. Across the 4 years on record, from February 2019 to February 2023, income grew from $317k to $401k (+26%), an average of +8.1% a year. The sharpest change came in the year to February 2023, when income rose by 93%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ybl Basketball Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include South Coast Referee Association Inc ($401k), Nashoba Youth Hockey Association Inc ($401k) and Top Ballers Inc ($401k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $62k (20% of expenses). Other salaries and wages came to $2,453. At year end it held assets of $181k against liabilities of $8,231, net assets of $173k. It reported 1 employees.