New Canaan Basketball Association Inc

Analysis

New Canaan Basketball Association Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in November 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Canaan Basketball Association Inc reported income of $281k and spending of $258k, spending 92% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $261k to $281k (+7.6%), an average of +7.6% a year. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Canaan Basketball Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within CT. Charities of a similar size with the same main cause include New Haven Festivals Inc ($281k), American Turners Northwest Chicago Inc ($281k) and Seattle Fastpitch Club ($280k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.0% and program service revenue 92% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.