National Basketball Association Foundation

Analysis

National Basketball Association Foundation is a registered charity in United States, based in Secaucus, NJ. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Basketball Association Foundation reported income of $33.5m and spending of $44.5m, spending 133% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $31.0m to $33.5m (+8.1%), an average of +4.0% a year. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Basketball Association Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Calvert Impact Capital Inc ($33.4m), San Diego Workforce Partnership Inc ($33.6m) and Commonwealth Cornerstone Group ($33.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $750k (1.7% of expenses). Other salaries and wages came to $899k. At year end it held assets of $40.7m against liabilities of $24.0m, net assets of $16.7m. It reported 8 employees.