Linn-Mar Basketball Academy

Analysis

Linn-Mar Basketball Academy is a registered charity in United States, based in Marion, IA. It received its IRS tax-exemption ruling in November 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 June 2024, Linn-Mar Basketball Academy reported income of $77k and spending of $76k, spending 99% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $95k to $77k (-19%), an average of -9.9% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Linn-Mar Basketball Academy sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within IA. Charities of a similar size with the same main cause include Highlands Ranch Junior Cycling Inc ($77k), Santa Maria Girls Softball Inc ($77k) and Little League Baseball Inc ($77k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $14k (19% of expenses). At year end it held assets of $5,286 against liabilities of $0, net assets of $5,286.