San Jose Spartans Basketball Inc

Analysis

San Jose Spartans Basketball Inc is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in July 2020, 6 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 July 2023, San Jose Spartans Basketball Inc reported income of $1.3m and spending of $530k, leaving 61% of income unspent that year. Across the 3 years on record, from July 2020 to July 2023, income grew from $573k to $1.3m (+135%), an average of +53% a year. The sharpest change came in the year to July 2022, when income rose by 70%. Over the whole period it spent 47% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, San Jose Spartans Basketball Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Civic Center Conservancy ($1.3m), St Paul Urban Tennis Program ($1.3m) and Section 2 of the Nysphsaa Inc ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.9m against liabilities of $210k, net assets of $1.7m.