Knights Basketball Academy Midwest

Analysis

Knights Basketball Academy Midwest is a registered charity in United States, based in Saint Charles, MO. It received its IRS tax-exemption ruling in July 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, Knights Basketball Academy Midwest reported income of $963k and spending of $900k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $476k to $963k (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Knights Basketball Academy Midwest sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within MO. Charities of a similar size with the same main cause include Team Excel Inc ($963k), Sparta United Soccer Club ($964k) and Champlin-Dayton Athletic Association ($963k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $199k (22% of expenses). Other salaries and wages came to $39k. At year end it held assets of $229k against liabilities of $915, net assets of $229k. It reported 5 employees.