Junior Laker Basketball Inc

Analysis

Junior Laker Basketball Inc is a registered charity in United States, based in Boonton, NJ. It received its IRS tax-exemption ruling in September 2024, 2 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 June 2024, Junior Laker Basketball Inc reported income of $93k and spending of $64k, leaving 31% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $52k to $93k (+78%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Junior Laker Basketball Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Friends of Cross Bar Srma Inc ($93k), Wh-Hoops Inc ($93k) and Missisquoi Amateur Hockey Asso Inc ($93k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.