Greenwich Basketball Association Inc

Analysis

Greenwich Basketball Association Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in June 1995, 31 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 August 2023, Greenwich Basketball Association Inc reported income of $199k and spending of $218k, spending 110% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $291k to $199k (-32%), an average of -12% a year. The sharpest change came in the year to August 2022, when income rose by 142%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greenwich Basketball Association Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Association of Gay and Lesbian Psychiatrists ($199k), Care for the Children ($199k) and Elizabeth F Brigham Trust Uw Richard a Spindler TR ($198k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. At year end it held assets of $310k against liabilities of $0, net assets of $310k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.