Midwest Basketball Group

Analysis

Midwest Basketball Group is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in November 2016, 10 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 August 2023, Midwest Basketball Group reported income of $182k and spending of $164k, spending 90% of its income. Across the 3 years on record, from August 2019 to August 2023, income fell from $216k to $182k (-15%), an average of -8.0% a year. The sharpest change came in the year to August 2022, when income dropped by 23%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Midwest Basketball Group sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NE. Charities of a similar size with the same main cause include Thurston Junior Cheer ($182k), Arena FC ($182k) and Adaptive Expeditions ($182k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.