Madison Basketball Association Inc

Analysis

Madison Basketball Association Inc is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in November 2011, 15 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, Madison Basketball Association Inc reported income of $193k and spending of $134k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $183k to $193k (+5.4%), an average of +5.4% a year. Over the whole period it spent 68% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Madison Basketball Association Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Sam T Foundation Inc ($193k), Juneau County Agricultural Industrial & Recreation Society in ($193k) and Oak Tree Youth Resources ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. At year end it held assets of $270k against liabilities of $0, net assets of $270k.