Grand Rapids Area Basketball Association Inc

Analysis

Grand Rapids Area Basketball Association Inc is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in April 1997, 29 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 2023, Grand Rapids Area Basketball Association Inc reported income of $103k and spending of $83k, spending 81% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $93k to $103k (+10%), an average of +10% a year. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grand Rapids Area Basketball Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Eastport Yacht Club Foundation Inc ($103k), Iron Dequoit Athletic Association Inc ($103k) and Sailor Soccer Club ($103k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 74% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.