Fast Break Basketball Association Inc

Analysis

Fast Break Basketball Association Inc is a registered charity in United States, based in E Brunswick, NJ. It received its IRS tax-exemption ruling in May 1999, 27 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, Fast Break Basketball Association Inc reported income of $84k and spending of $104k, spending 124% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income fell from $107k to $84k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2021, when income rose by 541%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fast Break Basketball Association Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Still Meadows Enrichment Center and Camp ($84k), Loveland Youth Diamond Sports Inc ($84k) and Usatf Mid-Atlantic ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.