Byron Basketball Association Inc

Analysis

Byron Basketball Association Inc is a registered charity in United States, based in Byron, MN. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Byron Basketball Association Inc reported income of $175k and spending of $137k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $175k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Byron Basketball Association Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Lawrence County Cancer Patient Services ($175k), Proyecto Oasis de Amor Inc ($175k) and Accessible Festivals ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 95% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.