Hanmi Baseball

Analysis

Hanmi Baseball is a registered charity in United States, based in Irvine, CA. 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, Hanmi Baseball reported income of $115k and spending of $94k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $115k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hanmi Baseball sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Boulder County Bombers LLC ($115k), Highland Soccer Club Inc ($115k) and Marshfield Youth Baseball League Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.