Triple Threat Youth Basketball Inc

Analysis

Triple Threat Youth Basketball Inc is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in February 2019, 7 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, Triple Threat Youth Basketball Inc reported income of $101k and spending of $82k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $101k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Triple Threat Youth Basketball Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include North Pole Football Booster Club ($101k), Grafton Midview Hot Stove ($101k) and Redmond Lacrosse Club ($101k).

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 $39k against liabilities of $0, net assets of $39k.