N โ€” Recreation & SportsEIN: 844560563ยท Ruling Year: 2022

58 Hoops

Red Wing, Minnesota

B-Health Score
54B-

Financial Health Score

Provisional

8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.

Average

๐Ÿ’ฐ
$16K
Total Revenue
๐Ÿ“Š
$14K
Total Expenses
๐Ÿฆ
$3K
Net Assets
๐Ÿ“‹
$1
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+52.6%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+10.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.22
Net assets divided by total expenses
Liabilities-to-Assets
0.0%
Total liabilities as % of total assets

Filing History

2 filings on record
YearRevenueExpensesAssets
2023$16,169โ†‘53%$14,437โ†‘58%$3,213โ†‘117%
2022$10,595$9,114$1,481

Frequently Asked Questions

What does 58 Hoops do?โ–ผ

58 Hoops is a recreation & sports nonprofit organization based in Minnesota. It is classified under NTEE code N62 and is registered as a 501(c) tax-exempt organization with the IRS.

Is 58 Hoops financially healthy?โ–ผ

Financial health scoring requires Form 990 filing data. Check back as we process more filings for 58 Hoops.

How much revenue does 58 Hoops generate?โ–ผ

Revenue data for 58 Hoops is sourced from IRS filings. Detailed financial breakdowns may be available on the organization's Form 990.

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58 Hoops โ€” Red Wing, MN | GiveScope