Global Basketball Club

Analysis

Global Basketball Club is a registered charity in United States, based in Issaquah, WA. It received its IRS tax-exemption ruling in April 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 (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, Global Basketball Club reported income of $172k and spending of $137k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $172k (+3.9%), an average of +3.9% a year. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Global Basketball Club sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within WA. Charities of a similar size with the same main cause include Lauderdale Yacht Club Sailing Foundation Inc ($172k), Glasgow Rodeo Committee ($172k) and Alcoa Youth Sports Inc ($172k).

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 $100k against liabilities of $1,780, net assets of $99k.