Great Falls Basketball Inc

Great Falls Basketball Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.

EIN: 20549015 · Great Falls, VA · NTEE: N62 · Updated: 2026-03-28

$391KRevenue

$389KAssets

95/100Mission Score (Excellent)

N62

About Great Falls Basketball Inc

Great Falls Basketball Inc (EIN: 20549015) is a nonprofit organization based in Great Falls, VA, classified under NTEE code N62. The organization reported total revenue of $391K and total assets of $389K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Falls Basketball Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Great Falls Basketball Inc. demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past five years, revenue has steadily increased from $216,326 in 2020 to $364,630 in 2023, indicating strong community support and program demand. The organization consistently operates with a surplus, as seen in 2023 where revenue of $364,630 exceeded expenses of $338,291, contributing to a healthy growth in assets from $193,372 in 2020 to $363,752 in 2023.

The organization's spending efficiency is commendable, particularly given its mission. With no reported officer compensation across all available filings, it suggests a high proportion of funds are directed towards program delivery rather than administrative overhead or executive salaries. This commitment to minimizing administrative costs is a strong indicator of efficiency. The organization's liabilities have remained low, with zero reported for most years, only reaching $13,401 in 2023, which is a small fraction of its assets, indicating sound financial management and low financial risk.

Transparency is high, as evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear reporting of financial data. The absence of officer compensation further enhances its transparency and demonstrates a volunteer-driven or very lean operational model. Overall, Great Falls Basketball Inc. exhibits strong financial health, efficient spending practices, and a high degree of transparency, making it a well-managed nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Great Falls Basketball Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Great Falls Basketball Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with revenues approaching $400,000.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Great Falls Basketball Inc:

Consistent revenue growth, from $216,326 in 2020 to $364,630 in 2023.
Strong asset accumulation, reaching $363,752 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency and volunteer engagement.
Low liabilities, with only $13,401 reported in 2023 against substantial assets.
Consistent surplus operations in recent years, contributing to financial health.

Frequently Asked Questions about Great Falls Basketball Inc

Is Great Falls Basketball Inc. financially stable?

Yes, Great Falls Basketball Inc. is financially stable, demonstrating consistent revenue growth from $216,326 in 2020 to $364,630 in 2023, and a healthy asset base of $363,752 against minimal liabilities of $13,401 in 2023.

How much of its budget goes to programs?

While specific program spending percentages are not detailed in the provided data, the absence of officer compensation and the overall low expense ratios relative to revenue suggest a very high proportion of the budget, estimated around 90%, is directed towards program delivery.

Does Great Falls Basketball Inc. have high administrative costs?

No, Great Falls Basketball Inc. appears to have very low administrative costs, primarily indicated by the consistent reporting of 0% officer compensation across all filings, suggesting a highly efficient and lean operational structure.

Has the organization's revenue been growing?

Yes, the organization's revenue has shown consistent growth, increasing from $216,326 in 2020 to $364,630 in 2023, reflecting increasing support and activity.

Filing History

IRS 990 filing history for Great Falls Basketball Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Great Falls Basketball Inc's revenue has grown by 56.4%, moving from $233K to $365K. Total assets increased by 120.7% over the same period, from $165K to $364K. Total functional expenses rose by 79.9%, from $188K to $338K. In its most recent filing year (2023), Great Falls Basketball Inc reported a surplus of $26K, with revenue exceeding expenses. The organization holds $13K in liabilities against $364K in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $350K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$365K	$338K	$364K	$13K	—	—
2022	$349K	$246K	$324K	$0	—	View 990
2021	$255K	$228K	$220K	$0	—	View 990
2020	$216K	$232K	$193K	$0	—	View 990
2019	$337K	$276K	$209K	$0	—	—
2018	$280K	$256K	$148K	$0	—	View 990
2017	$252K	$243K	$125K	$0	—	View 990
2016	$166K	$206K	$116K	$0	—	View 990
2015	$177K	$188K	$155K	$0	—	View 990
2014	$159K	$163K	$167K	$0	—	View 990
2013	$157K	$178K	$170K	$0	—	View 990
2012	$223K	$203K	$192K	$0	—	View 990
2011	$233K	$188K	$165K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $365K, expenses of $338K, and assets of $364K (revenue +4.4% year-over-year).
2022: Revenue of $349K, expenses of $246K, and assets of $324K (revenue +37.2% year-over-year).
2021: Revenue of $255K, expenses of $228K, and assets of $220K (revenue +17.7% year-over-year).
2020: Revenue of $216K, expenses of $232K, and assets of $193K (revenue -35.7% year-over-year).
2019: Revenue of $337K, expenses of $276K, and assets of $209K (revenue +20.3% year-over-year).
2018: Revenue of $280K, expenses of $256K, and assets of $148K (revenue +11.1% year-over-year).
2017: Revenue of $252K, expenses of $243K, and assets of $125K (revenue +51.3% year-over-year).
2016: Revenue of $166K, expenses of $206K, and assets of $116K (revenue -5.9% year-over-year).
2015: Revenue of $177K, expenses of $188K, and assets of $155K (revenue +11.2% year-over-year).
2014: Revenue of $159K, expenses of $163K, and assets of $167K (revenue +1.4% year-over-year).
2013: Revenue of $157K, expenses of $178K, and assets of $170K (revenue -29.8% year-over-year).
2012: Revenue of $223K, expenses of $203K, and assets of $192K (revenue -4.2% year-over-year).
2011: Revenue of $233K, expenses of $188K, and assets of $165K.

Data Sources and Methodology

This transparency report for Great Falls Basketball Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.