Oceansides Finest Basketball Club

Analysis

Oceansides Finest Basketball Club is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in August 2021, 5 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, Oceansides Finest Basketball Club reported income of $140k and spending of $85k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $140k (+167%), an average of +167% a year. The sharpest change came in the year to December 2023, when income rose by 167%. Over the whole period it spent 50% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Oceansides Finest Basketball Club sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Energy Youth Basketball Club ($140k), Miles City Youth Hockey Association Inc ($140k) and Indianola Community Youth Foundation ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.