Elks Youth Basketball

Analysis

Elks Youth Basketball is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in July 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 June 2024, Elks Youth Basketball reported income of $232k and spending of $207k, spending 89% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $190k to $232k (+22%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elks Youth Basketball sits at the 72nd 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 55th percentile within MN. Charities of a similar size with the same main cause include Tarrant County Clubhouse ($232k), Parks Place Community Center Inc ($232k) and Lake Murray Volleyball Club ($232k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.