Monster Basketball Inc

Analysis

Monster Basketball Inc is a registered charity in United States, based in Boonton, NJ. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Monster Basketball Inc reported income of $58k and spending of $55k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $58k (-8.5%), an average of -8.5% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Monster Basketball Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Freedom Baseball Club ($58k), Bootheel Youth Camp Inc ($58k) and Persian Parade Foundation Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. At year end it held assets of $31k against liabilities of $715, net assets of $31k.