Loudoun Flight Basketball Academy

Analysis

Loudoun Flight Basketball Academy is a registered charity in United States, based in Waterford, VA. It received its IRS tax-exemption ruling in May 2018, 8 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, Loudoun Flight Basketball Academy reported income of $125k and spending of $123k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $125k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Loudoun Flight Basketball Academy sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Little Britches Rodeo ($125k), Glen Rose Youth Baseball Association ($125k) and Active Bakersfield Alliance ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 1.2% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.