Parkland Basketball Club Inc

Analysis

Parkland Basketball Club Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in September 2001, 25 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, Parkland Basketball Club Inc reported income of $203k and spending of $179k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $114k to $203k (+78%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parkland Basketball Club Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Twin County Soccer Association ($203k), Deltaville Community Association Inc ($203k) and Kenai Peninsula Hockey Association Tier 2 Booster Club ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $291k against liabilities of $207k, net assets of $85k.