Katy Youth Basketball Inc

Analysis

Katy Youth Basketball Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in December 1989, 37 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 July 2024, Katy Youth Basketball Inc reported income of $485k and spending of $488k, spending 101% of its income. Across the 5 years on record, from July 2020 to July 2024, income fell from $517k to $485k (-6.1%), an average of -1.6% a year. The sharpest change came in the year to July 2022, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Katy Youth Basketball Inc 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 74th percentile within TX. Charities of a similar size with the same main cause include Aberdeen Amateur Hockey Association ($485k), Aevolo Cycling Inc ($485k) and Edina Soccer Association ($485k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $284k against liabilities of $35k, net assets of $249k.