Rancho Penasquitos Basketball Association

Analysis

Rancho Penasquitos Basketball Association is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 2003, 23 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 June 2024, Rancho Penasquitos Basketball Association reported income of $63k and spending of $56k, spending 89% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $47k to $63k (+33%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rancho Penasquitos Basketball Association sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Franklin County Youth Football Inc ($63k), Women for Evanston Youth ($63k) and South Rowan Senior High School Booster Club ($63k).

At year end it held assets of $60k against liabilities of $0, net assets of $60k.