T C Basketball Inc

Analysis

T C Basketball Inc is a registered charity in United States, based in Jensen Beach, FL. It received its IRS tax-exemption ruling in August 2016, 10 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 September 2023, T C Basketball Inc reported income of $455k and spending of $359k, leaving 21% of income unspent that year. Across the 3 years on record, from September 2019 to September 2023, income grew from $209k to $455k (+117%), an average of +47% a year. The sharpest change came in the year to September 2022, when income rose by 49%. 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, T C Basketball Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include New Jersey Athletic Conference ($455k), Suburban Girls Softball ($455k) and Monroe County Agricultural Society ($454k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.