Larchmont Mamaroneck Basketball Association

Analysis

Larchmont Mamaroneck Basketball Association is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in August 2001, 25 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, Larchmont Mamaroneck Basketball Association reported income of $139k and spending of $135k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $154k to $139k (-9.8%), an average of -9.8% a year. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Larchmont Mamaroneck Basketball Association sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Minerva Vol Fire Dept & Rescue Squad Inc ($139k), Concord Youth Ballpark Inc ($139k) and Laramie Girls Softball Association ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. At year end it held assets of $313k against liabilities of $49k, net assets of $264k.