Hermosa Beach Youth Basketball League

Analysis

Hermosa Beach Youth Basketball League is a registered charity in United States, based in Hermosa Beach, CA. It received its IRS tax-exemption ruling in March 2009, 17 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 June 2024, Hermosa Beach Youth Basketball League reported income of $166k and spending of $143k, spending 86% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $179k to $166k (-7.7%), an average of -7.7% a year. 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, Hermosa Beach Youth Basketball League sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Swim Strong Foundation Inc ($166k), Gridiron Imports Foundation ($166k) and Saint John Vianney High School Hockey Club ($166k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.