Franklin Youth Boys Basketball Club Inc

Analysis

Franklin Youth Boys Basketball Club Inc is a registered charity in United States, based in Franklin, WI. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Franklin Youth Boys Basketball Club Inc reported income of $61k and spending of $56k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $61k (+2.3%), an average of +2.3% a year. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Franklin Youth Boys Basketball Club Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within WI. Charities of a similar size with the same main cause include Rye Garnets Ice Hockey Inc ($61k), Tampa BMX Raceway Inc ($61k) and Richardson Gymnastics Team ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $5,403, net assets of $38k.