Philadelphia Youth Basketball Inc

Analysis

Philadelphia Youth Basketball Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2015, 11 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 June 2023, Philadelphia Youth Basketball Inc reported income of $4.7m and spending of $4.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $4.7m (+258%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 453%. Over the whole period it spent 49% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Philadelphia Youth Basketball Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include International Surfing Association Inc ($4.7m), Washington Square Park Conservancy Inc ($4.7m) and Kids Inc of Amarillo Texas ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $441k (10% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $25.1m against liabilities of $11.1m, net assets of $14.0m. It reported 122 employees.