Championship Basketball Inc

Analysis

Championship Basketball Inc is a registered charity in United States, based in Benbrook, TX. It received its IRS tax-exemption ruling in May 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 (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, Championship Basketball Inc reported income of $85k and spending of $110k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $112k to $85k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Championship Basketball Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Hub Sports Inc ($85k), Keene Knights Youth Football and Spirit ($85k) and Rio Grande Valley Junior Volleyball ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.