Cube Basketball Inc

Analysis

Cube Basketball Inc is a registered charity in United States, based in Roslyn, NY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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, Cube Basketball Inc reported income of $186k and spending of $169k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $186k (+93%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cube Basketball Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Nextgen Chamber of Commerce Foundation ($186k), Penn High School Band Boosters ($186k) and Newark Partnership Inc ($186k).

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 $34k against liabilities of $3,918, net assets of $30k.