Medway Amateur Basketball Association Inc

Analysis

Medway Amateur Basketball Association Inc is a registered charity in United States, based in Medway, MA. It received its IRS tax-exemption ruling in January 2003, 23 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 2023, Medway Amateur Basketball Association Inc reported income of $87k and spending of $94k, spending 108% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $96k to $87k (-8.8%), an average of -8.8% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Medway Amateur Basketball Association Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Foundation for Safer Athletic Field Environments ($87k), Brantingham Snowmobile Club Inc ($87k) and Deland Football Inc ($87k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.