Everything Basketball Inc

Analysis

Everything Basketball Inc is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in August 2012, 14 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, Everything Basketball Inc reported income of $112k and spending of $118k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $112k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 152% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Everything Basketball Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Highland Quarterback Club Inc ($112k), Nutley Belleville Columbus Day & Italian Heritage Month Parade Comm ($112k) and Red and Black Booster Club ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 60% of the total. At year end it held assets of $2,440 against liabilities of $168k, net assets of -$165k.