Admirals Basketball Academy

Analysis

Admirals Basketball Academy is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Admirals Basketball Academy reported income of $361k and spending of $341k, spending 94% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $213k to $361k (+69%), an average of +69% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Admirals Basketball Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Pomona Holy Church ($361k), Greg Farmer Evangelistic Ministries Inc ($361k) and Luce Family Church Inc ($361k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $23k. At year end it held assets of $69k against liabilities of $27, net assets of $69k.