Lakeshow Basketball Corporation

Analysis

Lakeshow Basketball Corporation is a registered charity in United States, based in Danville, CA. It received its IRS tax-exemption ruling in November 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, Lakeshow Basketball Corporation reported income of $705k and spending of $749k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $705k (+256%), an average of +256% a year. The sharpest change came in the year to December 2023, when income rose by 256%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakeshow Basketball Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Atlanta Junior Rowing Association ($705k), Gulf Coast Regional Volleyball Association Inc ($705k) and Northernettes Synchronized Skating ($705k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $135k (18% of expenses). At year end it held assets of $17k against liabilities of $11k, net assets of $5,713.