Hard2guard Basketball Inc

Analysis

Hard2guard Basketball Inc is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Hard2guard Basketball Inc reported income of $551k and spending of $545k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $551k (+157%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hard2guard Basketball Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Pickles Group Inc ($550k), Boys & Girls Club of Northwest Tennessee Union City ($551k) and TH Baseball Corporation ($549k).

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 $94k (17% of expenses). At year end it held assets of $8,340 against liabilities of $0, net assets of $8,340.