Gretna Basketball Association

Analysis

Gretna Basketball Association is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Gretna Basketball Association reported income of $180k and spending of $212k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $180k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gretna Basketball Association sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NE. Charities of a similar size with the same main cause include Lapeer County K I N D Kids in New Directions ($180k), Anita Foundation Inc ($180k) and High Adventure Treks for Dads & Daughters ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Other salaries and wages came to $8,464. At year end it held assets of $201k against liabilities of $896, net assets of $200k.