Hoops 4 Life

Analysis

Hoops 4 Life is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 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 December 2023, Hoops 4 Life reported income of $105k and spending of $96k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $17k to $105k (+517%), an average of +148% a year. The sharpest change came in the year to December 2022, when income rose by 512%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hoops 4 Life sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within WA. Charities of a similar size with the same main cause include PNW Sports Inc ($104k), Elko Baseball Club Inc ($105k) and Little League Baseball Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.