Cleveland Basketball

Analysis

Cleveland Basketball is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 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 December 2023, Cleveland Basketball reported income of $97k and spending of $83k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $88k to $97k (+10%), an average of +4.9% a year. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cleveland Basketball sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OR. Charities of a similar size with the same main cause include Lehigh Valley Scholastic Hockey League ($97k), Cody American Legion Baseball Booster Club ($97k) and Casey Co Agricultural and Educational Fair Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.