South Jersey Basketball Titans

Analysis

South Jersey Basketball Titans is a registered charity in United States, based in Mount Laurel, NJ. It received its IRS tax-exemption ruling in March 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 (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, South Jersey Basketball Titans reported income of $180k and spending of $196k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $180k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, South Jersey Basketball Titans sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Bronco Youth Basketball Inc ($180k), Sequoia High School Sport & Spirit Booster Club ($180k) and Renville County Agricultural Society ($180k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $9,100 (4.6% of expenses). At year end it held assets of $45k against liabilities of $39k, net assets of $5,819. 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.