North Jersey Board of Approved Basketball Officials Inc

Analysis

North Jersey Board of Approved Basketball Officials Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in June 1995, 31 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 January 2024, North Jersey Board of Approved Basketball Officials Inc reported income of $97k and spending of $94k, spending 97% of its income. Across the 5 years on record, from January 2020 to January 2024, income fell from $106k to $97k (-8.3%), an average of -2.1% a year. The sharpest change came in the year to January 2021, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Jersey Board of Approved Basketball Officials Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Oshkosh West Basketball Club Inc ($97k), Arizona Junior Rowing Inc ($97k) and Sayville Youth Football ($97k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $19k (20% of expenses). Other salaries and wages came to $3,350. At year end it held assets of $123k against liabilities of $0, net assets of $123k.