Seekonk Boys Basketball Inc

Analysis

Seekonk Boys Basketball Inc is a registered charity in United States, based in Seekonk, MA. It received its IRS tax-exemption ruling in March 2014, 12 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 December 2023, Seekonk Boys Basketball Inc reported income of $130k and spending of $121k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $130k (+13%), an average of +13% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Seekonk Boys Basketball Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Barton Springs Conservancy ($130k), T L Baseball Boosters ($130k) and Triad Youth Athletic Association ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.