Rain Basketball

Analysis

Rain Basketball is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Rain Basketball reported income of $1.3m and spending of $1.3m, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $123k to $1.3m (+948%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 167%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rain Basketball sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Mathematics Foundation of America ($1.3m), Ingenuityne Inc ($1.3m) and Rainier Athletes ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $89k (6.7% of expenses). Other salaries and wages came to $110k. At year end it held assets of $10k against liabilities of $38k, net assets of -$28k.