Farmwell Station Basketball League

Analysis

Farmwell Station Basketball League is a registered charity in United States, based in Ashburn, VA. It received its IRS tax-exemption ruling in January 2007, 19 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 May 2023, Farmwell Station Basketball League reported income of $205k and spending of $201k, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $201k to $205k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to May 2022, when income rose by 207%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Farmwell Station Basketball League sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Lions Sports Booster Club ($205k), Hawk Point Athletic Association Inc ($205k) and Oregon City Soccer Club Inc ($205k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.