Fab44 Basketball

Analysis

Fab44 Basketball is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in November 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, Fab44 Basketball reported income of $191k and spending of $212k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $644k to $191k (-70%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fab44 Basketball sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within AR. Charities of a similar size with the same main cause include Northern Lights Figure Skating Club Inc ($191k), Lake City Columbia County Youth Baseball Inc ($191k) and Friends of Rutherford Pool ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Other salaries and wages came to $28k. At year end it held assets of $148k against liabilities of $72k, net assets of $77k.