Centennial Basketball Association

Analysis

Centennial Basketball Association is a registered charity in United States, based in Circle Pines, MN. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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 April 2023, Centennial Basketball Association reported income of $324k and spending of $316k, spending 98% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $285k to $324k (+14%), an average of +3.3% a year. The sharpest change came in the year to April 2022, when income rose by 55%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centennial Basketball Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Church in Mission Inc ($324k), Weavers Guild of Minnesota Inc ($324k) and Big Brothers-Big Sisters of Western Massachusetts Inc ($324k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. At year end it held assets of $208k against liabilities of $0, net assets of $208k.