Franklin Basketball Association

Analysis

Franklin Basketball Association is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in September 2023, 3 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, Franklin Basketball Association reported income of $114k and spending of $96k, spending 84% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $75k to $114k (+52%), an average of +52% a year. The sharpest change came in the year to August 2023, when income rose by 52%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Franklin Basketball Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Northboro Youth Soccer Association Inc ($114k), Gainey Foundation ($114k) and Caris Sports Foundation Inc ($114k).

At year end it held assets of $56k against liabilities of $0, net assets of $56k.