Wakefield Basketball Association Inc

Analysis

Wakefield Basketball Association Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in October 1990, 36 years ago. 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 June 2024, Wakefield Basketball Association Inc reported income of $166k and spending of $180k, spending 109% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $151k to $166k (+10%), an average of +10% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wakefield Basketball Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include American Chemical Society ($166k), Brian Piccolo Cancer Research Fund Inc ($166k) and Road Runners Club of America ($166k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $249k against liabilities of $0, net assets of $249k.