Belmont Youth Basketball Association Inc

Analysis

Belmont Youth Basketball Association Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in January 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 August 2024, Belmont Youth Basketball Association Inc reported income of $211k and spending of $183k, spending 87% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $191k to $211k (+10%), an average of +5.0% a year. The sharpest change came in the year to August 2024, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Belmont Youth Basketball Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Grand Blanc Gladiators Travel Baseball ($211k), The Big Four Fair Association ($211k) and Metro Fha ($211k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $262k against liabilities of $0, net assets of $262k.