Edina Basketball Association

Analysis

Edina Basketball Association is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Edina Basketball Association reported income of $774k and spending of $824k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $604k to $774k (+28%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edina Basketball Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Reconnections Education Center ($774k), Santa Fe Educational Services ($774k) and Sheet Metal Workers Joint Apprentice & Training Committee of ($774k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $63k (7.6% of expenses). At year end it held assets of $317k against liabilities of $0, net assets of $317k.