USA Basketball Foundation

Analysis

USA Basketball Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, USA Basketball Foundation reported income of $1.1m and spending of $1.4m, spending 127% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $1.6m to $1.1m (-27%), an average of -27% a year. The sharpest change came in the year to September 2023, when income dropped by 27%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, USA Basketball Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Foster Love Project ($1.1m), Atl TR ($1.1m) and Project Main Street Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. It paid $128k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $57k, net assets of $1.2m.