Central Loudoun Basketball League Inc

Analysis

Central Loudoun Basketball League Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, Central Loudoun Basketball League Inc reported income of $227k and spending of $238k, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $241k to $227k (-5.8%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Central Loudoun Basketball League Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Wonder Woods NFP ($226k), Girls on the Run of Mid and Western MD ($227k) and Friends of Creamers Field ($226k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.