Glastonbury Basketball Association

Analysis

Glastonbury Basketball Association is a registered charity in United States, based in S Glastonbury, CT. It received its IRS tax-exemption ruling in February 2017, 9 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 April 2024, Glastonbury Basketball Association reported income of $127k and spending of $119k, spending 94% of its income. Across the 2 years on record, from April 2023 to April 2024, income fell from $132k to $127k (-4.0%), an average of -4.0% a year. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Glastonbury Basketball Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within CT. Charities of a similar size with the same main cause include Woodinville Junior Football Association ($127k), Benefit Everyone Assist Recreation & Sports ($127k) and Northfield Swim Club Inc ($127k).

On its Form 990-EZ for the period ending April 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.