Boca Hoops Inc

Analysis

Boca Hoops Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in April 1990, 36 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 December 2023, Boca Hoops Inc reported income of $498k and spending of $497k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $498k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 3793%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Boca Hoops Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Ringgold County Fair Association ($498k), Nos Santos SC ($498k) and Oak Mountain Youth Baseball & Softball Association Inc ($498k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.