Mounds View Basketball Association Inc

Analysis

Mounds View Basketball Association Inc is a registered charity in United States, based in Vadnais HTS, MN. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Mounds View Basketball Association Inc reported income of $540k and spending of $501k, spending 93% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $230k to $540k (+135%), an average of +24% a year. The sharpest change came in the year to May 2023, when income rose by 95%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mounds View Basketball Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Foundation for Promotion of Sports and Games ($540k), Sagebrush Youth Soccer of Southern Nevada Inc ($541k) and South Carolina Alliance of Ymcas ($540k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $6,225 (1.2% of expenses). At year end it held assets of $224k against liabilities of $0, net assets of $224k.