Ankeny Basketball Club Inc

Analysis

Ankeny Basketball Club Inc is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in April 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, Ankeny Basketball Club Inc reported income of $168k and spending of $156k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $168k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ankeny Basketball Club Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Pearland Touchdown Club ($168k), Miguel Cabrera Foundation Inc ($168k) and Sullivan County Exposition Center & Fairgrounds ($168k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.