Premier Basketball Club

Analysis

Premier Basketball Club is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Premier Basketball Club reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Premier Basketball Club sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Youth Sports Foundation ($1.6m), Kinnelon Hockey Club Inc ($1.6m) and New York City Junior Volleyball Association ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $103k (6.8% of expenses). Other salaries and wages came to $171k. At year end it held assets of $128k against liabilities of -$13k, net assets of $140k. It reported 6 employees.