Magic Valley Basketball Club Inc

Analysis

Magic Valley Basketball Club Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magic Valley Basketball Club Inc reported income of $145k and spending of $144k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $145k (+1.1%), an average of +1.1% a year. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Magic Valley Basketball Club Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within ID. Charities of a similar size with the same main cause include Villa Hills Longhorns Athletic Association Inc ($145k), Magic Valley Fellowship Hall Inc ($145k) and Kokomo Soccer Club Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,062 against liabilities of $0, net assets of $3,062.