Wayzata Boys Basketball Association

Analysis

Wayzata Boys Basketball Association is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in September 2000, 26 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 June 2024, Wayzata Boys Basketball Association reported income of $714k and spending of $701k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $465k to $714k (+53%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wayzata Boys Basketball Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Special Methods in Learning Equine Skills Inc ($713k), Northern Section California Interscholastic Federation ($714k) and Pamakid Runners ($712k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Other salaries and wages came to $238k. At year end it held assets of $163k against liabilities of $0, net assets of $163k.