Midwest Basketball Group
EIN: 462372875 · Omaha, NE · NTEE: N60
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $164K |
| Net Assets | $118K |
Is Midwest Basketball Group Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midwest Basketball Group
Midwest Basketball Group (EIN: 462372875) is a nonprofit organization based in Omaha, NE, classified under NTEE code N60. The organization reported total revenue of $240K and total assets of $136K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midwest Basketball Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midwest Basketball Group is a small nonprofit that has been operating for 10 years, with 11 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $164K |
| Surplus / Deficit | +$19K |
| Total Assets | $118K |
| Net Assets | $118K |
| Operating Margin | 10.2% |
| Months of Reserves | 8.6 months |
Financial Health Grade: A
In 2023, Midwest Basketball Group reported a surplus of $19K with revenue exceeding expenses, holds 8.6 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | +12.9% | +18.8% |
| 2022 | +13.2% | +16.0% | +25.6% |
| 2021 | +30.3% | +13.2% | +36.2% |
| 2020 | -48.0% | -45.3% | +2.0% |
| 2019 | -7.3% | -10.1% | +32.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midwest Basketball Group 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 Midwest Basketball Group 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 surplus of $19K, with revenue exceeding expenses.
Frequently Asked Questions about Midwest Basketball Group
Is Midwest Basketball Group a legitimate charity?
Based on AI analysis of IRS 990 filings, Midwest Basketball Group (EIN: 462372875) insufficient data. 0 red flags identified, 0 strengths noted.
How does Midwest Basketball Group spend its money?
Detailed spending breakdown data is not yet available for Midwest Basketball Group. Check back for updated IRS 990 analysis.
Are donations to Midwest Basketball Group tax-deductible?
Midwest Basketball Group is registered as a tax-exempt nonprofit (EIN: 462372875). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midwest Basketball Group located?
Midwest Basketball Group is headquartered in Omaha, Nebraska and files with the IRS under EIN 462372875. It is classified under NTEE code N60.
How many years of IRS 990 filings does Midwest Basketball Group have?
Midwest Basketball Group has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $240K in total revenue.
Filing History
IRS 990 filing history for Midwest Basketball Group showing financial trends over 11 years of public records:
Total assets increased by 11790600% over the same period, from $1 to $118K. Total functional expenses rose by 65373.2%, from $250 to $164K. In its most recent filing year (2023), Midwest Basketball Group reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $164K | $118K | $0 | — | View 990 |
| 2022 | $165K | $145K | $99K | $0 | — | View 990 |
| 2021 | $146K | $125K | $79K | $0 | — | View 990 |
| 2020 | $112K | $110K | $58K | $0 | — | View 990 |
| 2019 | $216K | $202K | $57K | $0 | — | View 990 |
| 2018 | $233K | $225K | $43K | $0 | — | View 990 |
| 2017 | $178K | $171K | $28K | $0 | — | View 990 |
| 2016 | $161K | $131K | $32K | $5K | — | View 990 |
| 2015 | $152K | $150K | $3K | $0 | — | View 990 |
| 2014 | $110K | $109K | $1K | $0 | — | View 990 |
| 2013 | $0 | $250 | $1 | $250 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $182K, expenses of $164K, and assets of $118K (revenue +10.4% year-over-year).
- 2022: Revenue of $165K, expenses of $145K, and assets of $99K (revenue +13.2% year-over-year).
- 2021: Revenue of $146K, expenses of $125K, and assets of $79K (revenue +30.3% year-over-year).
- 2020: Revenue of $112K, expenses of $110K, and assets of $58K (revenue -48.0% year-over-year).
- 2019: Revenue of $216K, expenses of $202K, and assets of $57K (revenue -7.3% year-over-year).
- 2018: Revenue of $233K, expenses of $225K, and assets of $43K (revenue +30.9% year-over-year).
- 2017: Revenue of $178K, expenses of $171K, and assets of $28K (revenue +10.8% year-over-year).
- 2016: Revenue of $161K, expenses of $131K, and assets of $32K (revenue +5.8% year-over-year).
- 2015: Revenue of $152K, expenses of $150K, and assets of $3K (revenue +37.4% year-over-year).
- 2014: Revenue of $110K, expenses of $109K, and assets of $1K.
- 2013: Revenue of $0, expenses of $250, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midwest Basketball Group:
Data Sources and Methodology
This transparency report for Midwest Basketball Group 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.