Hoop Dreams Basketball Club Inc
EIN: 331189488 · Lexington, KY · NTEE: N62
| Metric | Value |
|---|---|
| Total Revenue | $175K |
| Total Expenses | $102K |
| Net Assets | $-31,931 |
Is Hoop Dreams Basketball Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hoop Dreams Basketball Club Inc
Hoop Dreams Basketball Club Inc (EIN: 331189488) is a nonprofit organization based in Lexington, KY, classified under NTEE code N62. The organization reported total revenue of $175K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoop Dreams Basketball Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoop Dreams Basketball Club Inc is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $102K |
| Surplus / Deficit | $-12,874 |
| Total Assets | $2K |
| Total Liabilities | $33K |
| Net Assets | $-31,931 |
| Operating Margin | -14.4% |
| Debt-to-Asset Ratio | 2198.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Hoop Dreams Basketball Club Inc reported a deficit of $13K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 2198.0% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Hoop Dreams Basketball Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +12.0% | -69.8% |
| 2022 | +37.1% | +22.3% | +9986.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hoop Dreams Basketball Club Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hoop Dreams Basketball Club Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2198.0%.
Frequently Asked Questions about Hoop Dreams Basketball Club Inc
Is Hoop Dreams Basketball Club Inc a legitimate charity?
Hoop Dreams Basketball Club Inc (EIN: 331189488) is a registered tax-exempt nonprofit based in Kentucky. It has 3 years of IRS 990 filings on record. Total revenue: $175K. No red flags identified. Financial health grade: D.
How does Hoop Dreams Basketball Club Inc spend its money?
Hoop Dreams Basketball Club Inc reported $175K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hoop Dreams Basketball Club Inc tax-deductible?
Hoop Dreams Basketball Club Inc is registered as a tax-exempt nonprofit (EIN: 331189488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hoop Dreams Basketball Club Inc located?
Hoop Dreams Basketball Club Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 331189488. It is classified under NTEE code N62.
How many years of IRS 990 filings does Hoop Dreams Basketball Club Inc have?
Hoop Dreams Basketball Club Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $175K in total revenue.
Filing History
IRS 990 filing history for Hoop Dreams Basketball Club Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Hoop Dreams Basketball Club Inc's revenue has grown by 44.3%, moving from $62K to $89K. Total assets increased by 2944% over the same period, from $50 to $2K. Total functional expenses rose by 37%, from $74K to $102K. In its most recent filing year (2023), Hoop Dreams Basketball Club Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $33K in liabilities against $2K in assets (debt-to-asset ratio: 2198.0%), resulting in net assets of $-31,931.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $102K | $2K | $33K | — | — |
| 2022 | $85K | $91K | $5K | $24K | — | View 990 |
| 2021 | $62K | $74K | $50 | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $102K, and assets of $2K (revenue +5.2% year-over-year).
- 2022: Revenue of $85K, expenses of $91K, and assets of $5K (revenue +37.1% year-over-year).
- 2021: Revenue of $62K, expenses of $74K, and assets of $50.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoop Dreams Basketball Club Inc:
Data Sources and Methodology
This transparency report for Hoop Dreams Basketball Club 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.