Highlands Travel Basketball Inc

Analysis

Highlands Travel Basketball Inc is a registered charity in United States, based in Hohokus, NJ. It received its IRS tax-exemption ruling in January 2023, 3 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, Highlands Travel Basketball Inc reported income of $151k and spending of $161k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $151k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Highlands Travel Basketball Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Webster County Annual Fair ($151k), Nebraska Softball Foundation ($151k) and Revolution Ski & Blade ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 93% of the total. At year end it held assets of $64k against liabilities of $1,460, net assets of $62k.