Valley Stars Basketball Academy

Analysis

Valley Stars Basketball Academy is a registered charity in United States, based in Encino, 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 (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, Valley Stars Basketball Academy reported income of $206k and spending of $199k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $206k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Valley Stars Basketball Academy sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Soccer Referees of Arizona Inc ($206k), Illinois State Referee Committee ($206k) and Burt County Fair Foundation ($206k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $53k (27% of expenses). Other salaries and wages came to $5,871. At year end it held assets of $17k against liabilities of $48k, net assets of -$31k. It reported 9 employees.