Lakeshore Basketball Inc

Analysis

Lakeshore Basketball Inc is a registered charity in United States, based in Pasadena, MD. It received its IRS tax-exemption ruling in February 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 March 2024, Lakeshore Basketball Inc reported income of $116k and spending of $109k, spending 94% of its income. Across the 3 years on record, from March 2022 to March 2024, income grew from $83k to $116k (+39%), an average of +18% a year. The sharpest change came in the year to March 2023, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakeshore Basketball Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Faribault Booster Club ($116k), Madison Hoop Dreams Inc ($116k) and North Salem Soccer Club Inc ($116k).

At year end it held assets of $80k against liabilities of $0, net assets of $80k.