Winchester Basketball Association

Analysis

Winchester Basketball Association is a registered charity in United States, based in Winchester, MA. It received its IRS tax-exemption ruling in December 2019, 7 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 August 2023, Winchester Basketball Association reported income of $131k and spending of $169k, spending 129% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $268k to $131k (-51%), an average of -51% a year. The sharpest change came in the year to August 2023, when income dropped by 51%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Winchester Basketball Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include St James Nesconset Youth Football & Cheer ($131k), Jr Spartans Boys Basketball ($131k) and Jackson County Fair Association ($131k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.