Team Richmond Aau Basketball Assn

Analysis

Team Richmond Aau Basketball Assn is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Team Richmond Aau Basketball Assn reported income of $94k and spending of $91k, spending 98% of its income. Across the 4 years on record, from August 2021 to August 2024, income fell from $117k to $94k (-20%), an average of -7.1% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Richmond Aau Basketball Assn sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Mat-Town USA Wrestling Club Inc ($94k), Portland-Vancouver Rowing Association ($94k) and Outrigger Santa Cruz ($93k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 1.0% of the total. At year end it held assets of $2,085 against liabilities of $0, net assets of $2,085.