Palos Verdes Youth Basketball League

Analysis

Palos Verdes Youth Basketball League is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Palos Verdes Youth Basketball League reported income of $284k and spending of $264k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $284k (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 683880%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palos Verdes Youth Basketball League sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Old First Nursery School Inc ($284k), Iowa Dental Foundation ($284k) and Impact Giving ($284k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $280k against liabilities of $0, net assets of $280k.