MTB Basketball Inc

Analysis

MTB Basketball Inc is a registered charity in United States, based in Daly City, CA. It received its IRS tax-exemption ruling in August 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, MTB Basketball Inc reported income of $97k and spending of $79k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $97k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, MTB Basketball Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Springfield Youth Baseball Association ($97k), Council Rock Ice Hockey South ($98k) and Spokane BMX ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.