King Philip Basketball Association Inc

Analysis

King Philip Basketball Association Inc is a registered charity in United States, based in Norfolk, MA. It received its IRS tax-exemption ruling in February 2022, 4 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 2024, King Philip Basketball Association Inc reported income of $95k and spending of $94k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $112k to $95k (-15%), an average of -15% a year. The sharpest change came in the year to June 2024, when income dropped by 15%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, King Philip Basketball Association Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Oak Harbor Football and Cheer League ($95k), Pid Fund for Fairfield Rugby Inc ($95k) and Farming Baseball Club Inc ($95k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.