Flames Basketball Club

Analysis

Flames Basketball Club is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in June 2024, 2 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 August 2024, Flames Basketball Club reported income of $131k and spending of $133k, spending 102% of its income. Across the 2 years on record, from August 2023 to August 2024, income grew from $113k to $131k (+15%), an average of +15% a year. The sharpest change came in the year to August 2024, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Flames Basketball Club sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include WT Baseball Association a Nonprofit Corporation ($131k), Riverton Youth Soccer Association ($131k) and Amateur Athletic Union of the United States Inc ($131k).

On its Form 990-EZ for the period ending August 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.