Fiba Americas Inc

Analysis

Fiba Americas Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2022, 4 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, Fiba Americas Inc reported income of $7.5m and spending of $7.4m, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $4.8m to $7.5m (+56%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fiba Americas Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Beber Camp Property Inc ($7.5m), Community Center of Northern Westchester Inc ($7.5m) and Next Level Sports Foundation Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $1.7m (23% of expenses). At year end it held assets of $2.4m against liabilities of $2.3m, net assets of $148k. It reported 16 employees.