Project Backboard

Analysis

Project Backboard is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in November 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 December 2023, Project Backboard reported income of $1.1m and spending of $1.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $1.1m (+155%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 298%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Project Backboard sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Friends Of@pittsburgh Professional Soccer ($1.1m), Newport Beach Water Polo Inc ($1.1m) and Lake Crystal Area Recreation Center Association Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $135k (11% of expenses). At year end it held assets of $222k against liabilities of $0, net assets of $222k. It reported 3 employees.