Lakeville North Boys Basketball Association

Analysis

Lakeville North Boys Basketball Association is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in January 2013, 13 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 May 2024, Lakeville North Boys Basketball Association reported income of $403k and spending of $349k, spending 87% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $290k to $403k (+39%), an average of +18% a year. The sharpest change came in the year to May 2023, when income rose by 35%. 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, Lakeville North Boys Basketball Association sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Palmetto Bible Camp Inc ($403k), Flash Baseball Inc ($403k) and Camp Rainbow Foundation ($403k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. At year end it held assets of $301k against liabilities of $64k, net assets of $237k.