Fulton Community Basketball Inc

Analysis

Fulton Community Basketball Inc is a registered charity in United States, based in Fulton, NY. 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, Fulton Community Basketball Inc reported income of $145k and spending of $15k, leaving 90% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $145k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 6.2% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fulton Community Basketball 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 45th percentile within NY. Charities of a similar size with the same main cause include Portland Volleyball Club ($145k), Milton Storm Baseball Inc ($145k) and Flatirons Soccer Club ($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 $230k against liabilities of $0, net assets of $230k.