Ridgefield Basketball Association Inc

Analysis

Ridgefield Basketball Association Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in June 1998, 28 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, Ridgefield Basketball Association Inc reported income of $499k and spending of $533k, spending 107% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $254k to $499k (+96%), an average of +25% a year. The sharpest change came in the year to August 2022, when income rose by 242%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ridgefield Basketball Association Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include American Youth Football Inc ($499k), Langhorne Athletic Association ($499k) and Moss Farms Diving Inc ($499k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.