Big Bang Boom Inc

Analysis

Big Bang Boom Inc is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in February 2001, 25 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 August 2023, Big Bang Boom Inc reported income of $125k and spending of $90k, leaving 28% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $78k to $125k (+60%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 51%. 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, Big Bang Boom Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NE. Charities of a similar size with the same main cause include Little League Baseball Inc ($125k), Eastside Lions Youth Academy ($125k) and Vitesse Soccer Inc ($125k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% and program service revenue 2.8% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.