Madison Ridgeland Youth Basketball

Analysis

Madison Ridgeland Youth Basketball is a registered charity in United States, based in Madison, MS. It received its IRS tax-exemption ruling in October 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, Madison Ridgeland Youth Basketball reported income of $127k and spending of $154k, spending 122% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $524 to $127k (+24081%), an average of +1455% a year. The sharpest change came in the year to December 2022, when income rose by 20800%. Over the whole period it spent 116% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Madison Ridgeland Youth Basketball sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within MS. Charities of a similar size with the same main cause include West Linn Youth Football Association ($127k), Carlinville Clay Busters ($127k) and Red Lodge Bike Center ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.