Wellesley Youth Basketball Association Inc

Analysis

Wellesley Youth Basketball Association Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in February 2011, 15 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 June 2023, Wellesley Youth Basketball Association Inc reported income of $292k and spending of $313k, spending 107% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $326k to $292k (-10%), an average of -3.6% a year. 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, Wellesley Youth Basketball Association Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include North Colonie Youth Baseball Inc ($292k), West Michigan Galaxy ($292k) and Hampton Roads Youth Hockey Asso Inc ($292k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $48k (15% of expenses). At year end it held assets of $195k against liabilities of $0, net assets of $195k.