Westfield Basketball Association

Analysis

Westfield Basketball Association is a registered charity in United States, based in Westfield, NJ. It received its IRS tax-exemption ruling in May 2014, 12 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, Westfield Basketball Association reported income of $319k and spending of $260k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4,912 to $319k (+6387%), an average of +184% a year. The sharpest change came in the year to December 2021, when income rose by 921%. Over the whole period it spent 123% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Westfield Basketball Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include North East Rhythmics School of Gymnastics Inc ($318k), Victory Lane Aquatic Club ($319k) and Spooner Area Hockey League Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. At year end it held assets of $370k against liabilities of $0, net assets of $370k.