Team Chance Basketball

Analysis

Team Chance Basketball is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Team Chance Basketball reported income of $86k and spending of $102k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $86k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Chance Basketball sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($86k), Dublin Soccer League Charity Cup Inc ($86k) and Combined Locks Advancement Association ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.