Indiana Elite Basketball Club

Analysis

Indiana Elite Basketball Club is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in June 2017, 9 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, Indiana Elite Basketball Club reported income of $176k and spending of $176k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $178k to $176k (-1.3%), an average of -1.3% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indiana Elite 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 51st percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include Rancho Cordova Junior Lancers Football & Cheer Inc ($176k), North Union United Soccer Club ($176k) and Njcaa Region IV NFP ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $990 against liabilities of $0, net assets of $990.