HOOP DREAMS BASKETBALL CLUB INC
LEXINGTON,
Kentucky,
40509
EIN: 33-1189488
Recreation, Sports, Leisure, Athletics
MISSION
To provide the underprivileged with access to sport clinics, workshops, conferences, leagues, and other organizations. Services include but are not limited to providing equipment, resources, assistance and support.
DEMOGRAPHIC
ADDRESS
2414 PALUMBO DRIVE 175
40509
COUNTY
fayette county, KY
ORGANIZATIONAL OVERVIEW & RANKINGS
HOOP DREAMS BASKETBALL CLUB INC is a based in LEXINGTON, KY, focused on Recreation, Sports, Leisure, Athletics causes , specifically Basketball. Established in July 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $5,043.00, this ranks 722,712 among 2,656,690 nonprofits nationally (Top 28%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 7,832 out of 31,364 organizations in KY (Top 25%).
In fayette county, KY, the organization ranks 1,020 out of 3,275 nonprofits by assets (Top 31%), while locally in lexington, it stands at 1,023 among 3,289 organizations (Top 31%).
The organization reported annual revenue of $84,664.00, ranking 420,563 nationally (Top 16%) and 4,835 in KY (Top 16%).
Within its specific NTEE classification (N62 - N: Recreation, Sports, Leisure, Athletics), which includes 5,574 similar organizations, HOOP DREAMS BASKETBALL CLUB INC ranks 948 in assets (Top 17%) and 553 in revenue (Top 10%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2010 and was reinstated on March 15, 2021 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
N: Recreation, Sports, Leisure, Athletics
NTEE CODE
N62: Basketball
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Saturday, May 15, 2010;
Reinstated: Monday, March 15, 2021
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$84,664.00
FORM 990 REVENUE AMOUNT
$84,664.00
RULING DATE
07/2021
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$5,043.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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