Colchester Youth Basketball League Inc

Analysis

Colchester Youth Basketball League Inc is a registered charity in United States, based in Colchester, CT. It received its IRS tax-exemption ruling in June 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 2024, Colchester Youth Basketball League Inc reported income of $66k and spending of $57k, spending 86% of its income. Across the 2 years on record, from September 2023 to June 2024, income grew from $59k to $66k (+11%), an average of +11% a year. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colchester Youth Basketball League Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within CT. Charities of a similar size with the same main cause include Philly Revolution Inc ($66k), Berkshire Hills Youth Soccer Inc ($66k) and Brownsville Brasa Soccer League Inc ($66k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.7% and program service revenue 92% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.