Methuen Youth Basketball Association Inc

Analysis

Methuen Youth Basketball Association Inc is a registered charity in United States, based in Methuen, MA. It received its IRS tax-exemption ruling in December 2015, 11 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 June 2023, Methuen Youth Basketball Association Inc reported income of $139k and spending of $146k, spending 105% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $119k to $139k (+17%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Methuen Youth Basketball Association Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Whitman-Hanson Youth Soccer Inc ($139k), Jeremy Bullock Memorial Fund ($139k) and Neurofit Gym Inc ($139k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.