Wake County Basketball Association
Wake County Basketball Association shows consistent growth and zero officer compensation, with occasional operating deficits.
EIN: 201136048 · Raleigh, NC · NTEE: N62 · Updated: 2026-03-28
Is Wake County Basketball Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wake County Basketball Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wake County Basketball Association
Wake County Basketball Association (EIN: 201136048) is a nonprofit organization based in Raleigh, NC, classified under NTEE code N62. The organization reported total revenue of $527K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wake County Basketball Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wake County Basketball Association is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $388K |
| Total Expenses | $380K |
| Surplus / Deficit | +$8K |
| Total Assets | $88K |
| Net Assets | $88K |
| Operating Margin | 2.1% |
| Months of Reserves | 2.8 months |
Financial Health Grade: A
In 2023, Wake County Basketball Association reported a surplus of $8K with revenue exceeding expenses, holds 2.8 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Wake County Basketball Association's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.9% | -9.9% | +10.1% |
| 2022 | +55.0% | +106.3% | -49.4% |
| 2021 | +174.3% | +50.4% | +12.5% |
| 2020 | -80.4% | -67.2% | -28.2% |
| 2019 | +35.4% | +51.6% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wake County Basketball Association with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Wake County Basketball Association allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is highly commendable for an organization with revenues reaching $388,410 in 2023.
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.
Red Flags
The following concerns were identified during AI analysis of Wake County Basketball Association's IRS 990 filings:
- Occasional operating deficits (e.g., 2022: expenses $421,959 vs. revenue $344,167; 2020: expenses $136,032 vs. revenue $80,933)
Strengths
The following positive indicators were identified for Wake County Basketball Association:
- Consistent 0% officer compensation across all filings
- Zero liabilities reported in all available filings, indicating strong financial stability
- Significant revenue growth from 2020 to 2023
- Consistent IRS 990 filing history (13 filings) demonstrating transparency and compliance
Frequently Asked Questions about Wake County Basketball Association
Is Wake County Basketball Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Wake County Basketball Association (EIN: 201136048) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Wake County Basketball Association spend its money?
Wake County Basketball Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wake County Basketball Association tax-deductible?
Wake County Basketball Association is registered as a tax-exempt nonprofit (EIN: 201136048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wake County Basketball Association a good charity?
Based on the available data, Wake County Basketball Association appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are directed towards its mission rather than executive salaries. The organization also maintains zero liabilities, suggesting strong financial management and stability.
How has the organization's revenue trended over time?
The organization's revenue has shown significant growth, particularly from $80,933 in 2020 to $388,410 in 2023, with a peak latest revenue of $526,668. While there have been fluctuations, the overall trend is positive.
Does Wake County Basketball Association have any debt?
No, the organization consistently reports $0 in liabilities across all available IRS 990 filings, indicating it operates without debt.
Filing History
IRS 990 filing history for Wake County Basketball Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wake County Basketball Association's revenue has grown by 119.2%, moving from $177K to $388K. Total assets decreased by 7.3% over the same period, from $95K to $88K. Total functional expenses rose by 159.4%, from $147K to $380K. In its most recent filing year (2023), Wake County Basketball Association reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $388K | $380K | $88K | $0 | — | — |
| 2022 | $344K | $422K | $80K | $0 | — | — |
| 2021 | $222K | $205K | $157K | $0 | — | View 990 |
| 2020 | $81K | $136K | $140K | $0 | — | View 990 |
| 2019 | $412K | $415K | $195K | $0 | — | View 990 |
| 2018 | $304K | $274K | $198K | $0 | — | View 990 |
| 2017 | $235K | $217K | $168K | $0 | — | View 990 |
| 2016 | $268K | $297K | $150K | $0 | — | View 990 |
| 2015 | $262K | $234K | $176K | $0 | — | View 990 |
| 2014 | $246K | $249K | $149K | $0 | — | View 990 |
| 2013 | $198K | $163K | $151K | $0 | — | View 990 |
| 2012 | $195K | $173K | $116K | $0 | — | — |
| 2011 | $177K | $147K | $95K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $388K, expenses of $380K, and assets of $88K (revenue +12.9% year-over-year).
- 2022: Revenue of $344K, expenses of $422K, and assets of $80K (revenue +55.0% year-over-year).
- 2021: Revenue of $222K, expenses of $205K, and assets of $157K (revenue +174.3% year-over-year).
- 2020: Revenue of $81K, expenses of $136K, and assets of $140K (revenue -80.4% year-over-year).
- 2019: Revenue of $412K, expenses of $415K, and assets of $195K (revenue +35.4% year-over-year).
- 2018: Revenue of $304K, expenses of $274K, and assets of $198K (revenue +29.4% year-over-year).
- 2017: Revenue of $235K, expenses of $217K, and assets of $168K (revenue -12.2% year-over-year).
- 2016: Revenue of $268K, expenses of $297K, and assets of $150K (revenue +2.3% year-over-year).
- 2015: Revenue of $262K, expenses of $234K, and assets of $176K (revenue +6.3% year-over-year).
- 2014: Revenue of $246K, expenses of $249K, and assets of $149K (revenue +24.5% year-over-year).
- 2013: Revenue of $198K, expenses of $163K, and assets of $151K (revenue +1.5% year-over-year).
- 2012: Revenue of $195K, expenses of $173K, and assets of $116K (revenue +10.0% year-over-year).
- 2011: Revenue of $177K, expenses of $147K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wake County Basketball Association:
Data Sources and Methodology
This transparency report for Wake County Basketball Association 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.