Friends of Hoop Seattle

Analysis

Friends of Hoop Seattle is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in February 2015, 11 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 July 2024, Friends of Hoop Seattle reported income of $578k and spending of $633k, spending 110% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $416k to $578k (+39%), an average of +6.8% a year. The sharpest change came in the year to July 2022, when income rose by 63%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Hoop Seattle sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include North Cincinnati Classics Inc ($577k), Walnut Creek Masters Swimming Association ($579k) and New Zealand Olympic Committee America Inc ($576k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (12% of expenses). At year end it held assets of $106k against liabilities of $64k, net assets of $42k.