Catoctin Basketball Club of Virginia Corporation

Analysis

Catoctin Basketball Club of Virginia Corporation is a registered charity in United States, based in Purcellville, VA. 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 (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, Catoctin Basketball Club of Virginia Corporation reported income of $240k and spending of $214k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $209k to $240k (+14%), an average of +14% a year. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Catoctin Basketball Club of Virginia Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Egba Inc ($239k), Indiana Youth Rugby Foundation ($240k) and Benton County Fairgrounds Arena Assoc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.