Wake County Basketball Association

Analysis

Wake County Basketball Association is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2004, 22 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 December 2023, Wake County Basketball Association reported income of $388k and spending of $380k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $412k to $388k (-5.7%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wake County Basketball Association sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include CDM Aquatics Federation ($388k), New Prague Area Community Center Association Inc ($389k) and USA Youth Education in Shooting Sports ($388k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.