Madison Youth Basketball Association

Analysis

Madison Youth Basketball Association is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in November 2008, 18 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 December 2023, Madison Youth Basketball Association reported income of $66k and spending of $89k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $66k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Madison Youth Basketball Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within CT. Charities of a similar size with the same main cause include Ozark Area Youth Organization Inc ($66k), Western Oregon Exposition Inc ($66k) and Howard County Cubs ($66k).

At year end it held assets of $53k against liabilities of $0, net assets of $53k.