Wh-Hoops Inc

Analysis

Wh-Hoops Inc is a registered charity in United States, based in Hanson, MA. It received its IRS tax-exemption ruling in February 2023, 3 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, Wh-Hoops Inc reported income of $93k and spending of $89k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $93k (-27%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wh-Hoops Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Junior Laker Basketball Inc ($93k), Tyson Community Advancement Foundation ($93k) and Friends of Cross Bar Srma Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.