50 Hoops

Analysis

50 Hoops is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, 50 Hoops reported income of $137k and spending of $176k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $347k to $137k (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, 50 Hoops sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Family & Childrens Center Inc ($137k), Rural Health Partnership of North Central Florida ($137k) and Ballard VS the Big C ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $120k (68% of expenses). At year end it held assets of $446k against liabilities of $0, net assets of $446k. It reported 2 employees.