Thunder Basketball Inc

Analysis

Thunder Basketball Inc is a registered charity in United States, based in Ringgold, GA. It received its IRS tax-exemption ruling in January 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 December 2023, Thunder Basketball Inc reported income of $171k and spending of $146k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $171k (+15%), an average of +15% a year. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Thunder Basketball Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within GA. Charities of a similar size with the same main cause include Saratoga Volleyball Club Inc ($171k), Red Bluff Youth Soccer League Inc ($171k) and Robinson Crew Boosters Club Inc ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. At year end it held assets of $121k against liabilities of $17k, net assets of $103k.