Long Valley Basketball Association Inc

Analysis

Long Valley Basketball Association Inc is a registered charity in United States, based in Long Valley, NJ. It received its IRS tax-exemption ruling in April 2002, 24 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, Long Valley Basketball Association Inc reported income of $93k and spending of $110k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $93k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 117% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Long Valley Basketball Association Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Windsor Water Rats Express Swim Team ($93k), HB Cal Ripken ($93k) and Centeral Jersey Girls Softball League Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.