Next Basketball Foundation

Analysis

Next Basketball Foundation is a registered charity in United States, based in Powell, OH. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Next Basketball Foundation reported income of $64k and spending of $58k, spending 91% of its income. Across the 2 years on record, from July 2022 to July 2023, income fell from $93k to $64k (-31%), an average of -31% a year. The sharpest change came in the year to July 2023, when income dropped by 31%. 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, Next Basketball Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Ithaca Lacrosse Club ($64k), Genoa Athletic Boosters ($64k) and Future Foxes Football ($64k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $8,026 against liabilities of $1,509, net assets of $6,517.