Folsom Youth Basketball Association

Analysis

Folsom Youth Basketball Association is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in January 2022, 4 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 April 2024, Folsom Youth Basketball Association reported income of $495k and spending of $341k, leaving 31% of income unspent that year. Across the 6 years on record, from April 2019 to April 2024, income grew from $268k to $495k (+85%), an average of +13% a year. The sharpest change came in the year to April 2022, when income rose by 1936%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Folsom Youth Basketball Association 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 72nd percentile within CA. Charities of a similar size with the same main cause include Aqualympics Inc ($495k), The Rec Center Ltd ($495k) and St Viator Lions Hockey Club ($495k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. At year end it held assets of $411k against liabilities of $0, net assets of $411k.