Colorado Youth Basketball Inc

Analysis

Colorado Youth Basketball Inc is a registered charity in United States, based in HGHLNDS Ranch, CO. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Colorado Youth Basketball Inc reported income of $100k and spending of $53k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $92k to $100k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Colorado Youth Basketball Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Hillgrove Boys Lacrosse Booster Club ($100k), Hart Partners Inc ($100k) and Pop Warner Little Scholars Inc ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Compensation of current officers, directors and key employees was $31k (57% of expenses). Other salaries and wages came to $6,800. At year end it held assets of $1,329 against liabilities of $0, net assets of $1,329. It reported 4 employees.