Cary Basketball Association

Analysis

Cary Basketball Association is a registered charity in United States, based in Cary, IL. It received its IRS tax-exemption ruling in January 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Cary Basketball Association reported income of $198k and spending of $215k, spending 108% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income grew from $194k to $198k (+2.4%), an average of +2.4% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cary Basketball Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Edgewood Athletic Association Inc ($198k), California Lookouts Foundation ($198k) and Uga Hockey Foundation ($198k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.