Minnesota Fury Boys Basketball

Analysis

Minnesota Fury Boys Basketball is a registered charity in United States, based in Rosemount, MN. It received its IRS tax-exemption ruling in February 2013, 13 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 December 2023, Minnesota Fury Boys Basketball reported income of $239k and spending of $221k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $153k to $239k (+56%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 67%. 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, Minnesota Fury Boys Basketball sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Lane Amateur Hockey Association ($239k), Rose Bowl Water Polo Club ($239k) and Merryspring Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $62k (28% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k. It reported 2 employees.