Dream Big Basketball Academy

Analysis

Dream Big Basketball Academy is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Dream Big Basketball Academy reported income of $376k and spending of $408k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $376k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Dream Big Basketball Academy 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 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Power Book Bags ($375k), Urban Youth Kings & Queens ($376k) and Hutchinson Hockey Association Inc ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $124k (30% of expenses). Other salaries and wages came to $65k. At year end it held assets of $109k against liabilities of $130k, net assets of -$21k. It reported 22 employees.