News Release Basketball

Analysis

News Release Basketball is a registered charity in United States, based in Gresham, OR. It received its IRS tax-exemption ruling in March 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, News Release Basketball reported income of $149k and spending of $156k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $166k to $149k (-11%), an average of -11% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, News Release Basketball sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OR. Charities of a similar size with the same main cause include Marina Baseball Booster Club ($149k), Manos Unidas ($149k) and Grafton Soccer Club Inc ($149k).

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 $57k against liabilities of $0, net assets of $57k.