Basketball Museum of Illinois

Analysis

Basketball Museum of Illinois is a registered charity in United States, based in Elburn, IL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Basketball Museum of Illinois reported income of $96k and spending of $99k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $96k (+15%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Basketball Museum of Illinois sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Sarasa Inc ($96k), New York Aikido Society Inc ($96k) and Danville Concert Association Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $5,000 (5.0% of expenses). At year end it held assets of $97k against liabilities of $0, net assets of $97k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.