Rio Rancho Rams Boys Basketball Inc

Analysis

Rio Rancho Rams Boys Basketball Inc is a registered charity in United States, based in Rio Rancho, NM. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rio Rancho Rams Boys Basketball Inc reported income of $76k and spending of $87k, spending 115% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $98k to $76k (-23%), an average of -23% a year. The sharpest change came in the year to June 2024, when income dropped by 23%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rio Rancho Rams Boys Basketball Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within NM. Charities of a similar size with the same main cause include Soldotna Whalers Wrestling Club ($76k), Vermont Outdoor Business Alliance Inc ($76k) and Morgantown Baseball League ($76k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 27% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.