MPLS Lakers Youth Traveling Basketball Program Inc

Analysis

MPLS Lakers Youth Traveling Basketball Program Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 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, MPLS Lakers Youth Traveling Basketball Program Inc reported income of $227k and spending of $165k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $225k to $227k (+0.9%), an average of +0.5% a year. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, MPLS Lakers Youth Traveling Basketball Program Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Patrick Co Agricultural Fair Inc ($227k), Texas 512 Volleyball Club ($227k) and Remembrance Ranch ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 92% of the total. At year end it held assets of $142k against liabilities of $769, net assets of $141k.