Waseca Basketball Association Inc

Analysis

Waseca Basketball Association Inc is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in February 2013, 13 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, Waseca Basketball Association Inc reported income of $65k and spending of $56k, spending 85% of its income. Across the 3 years on record, from April 2022 to April 2024, income grew from $58k to $65k (+13%), an average of +6.2% a year. The sharpest change came in the year to April 2024, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waseca Basketball Association Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include Grosse Pointe Baseball Organization Inc ($65k), Youth 1st Community Initiative ($65k) and Club One Inc ($65k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $62k against liabilities of $3,568, net assets of $59k.