Premiere Basketball Inc

Analysis

Premiere Basketball Inc is a registered charity in United States, based in Parkville, MO. It received its IRS tax-exemption ruling in June 2004, 22 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, Premiere Basketball Inc reported income of $139k and spending of $122k, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $240k to $139k (-42%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 69%. 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, Premiere Basketball Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MO. Charities of a similar size with the same main cause include New England Youth Tackle Football ($139k), No Limits Lacrosse Corporation ($139k) and Northview Community Swim Team ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $8,475 (6.9% of expenses). Other salaries and wages came to $34k. At year end it held assets of $17k against liabilities of $0, net assets of $17k.