Aasb Elite Basketball Inc

Analysis

Aasb Elite Basketball Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 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, Aasb Elite Basketball Inc reported income of $521k and spending of $498k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $366k to $521k (+43%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Aasb Elite Basketball Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within AZ. Charities of a similar size with the same main cause include Kiwanis Ski Club Inc ($521k), Miracle League of Columbia at Maury County Park ($521k) and Dunbar Athletic Boosters Club Incorporation ($521k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $13k, net assets of $34k.