Tarkanian Basketball Academy Inc

Analysis

Tarkanian Basketball Academy Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 2003, 23 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, Tarkanian Basketball Academy Inc reported income of $660k and spending of $694k, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $371k to $660k (+78%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 82%. 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, Tarkanian Basketball Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within NV. Charities of a similar size with the same main cause include South Jersey Hockey Club Inc ($660k), Patriot Aquatics ($660k) and Sleepy Hollow Aquatics Inc ($660k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 102% of the total. Compensation of current officers, directors and key employees was $162k (23% of expenses). Other salaries and wages came to $85k. At year end it held assets of $1.0m against liabilities of $554k, net assets of $468k. It reported 5 employees.