Hartford Basketball Club

Analysis

Hartford Basketball Club is a registered charity in United States, based in Hartford, WI. It received its IRS tax-exemption ruling in February 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 March 2024, Hartford Basketball Club reported income of $70k and spending of $63k, spending 90% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $60k to $70k (+17%), an average of +17% a year. The sharpest change came in the year to March 2024, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hartford Basketball Club sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within WI. Charities of a similar size with the same main cause include Lake of the Woods International Arena Board Inc ($70k), Potawatomi MTN Bike Association ($70k) and Mayfield Graves County United Soccer Assoc Inc ($70k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 4.2% and program service revenue 9.5% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.