Friends of Woburn Travel Basketball

Analysis

Friends of Woburn Travel Basketball is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Friends of Woburn Travel Basketball reported income of $81k and spending of $80k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $81k (+10%), an average of +10% a year. Over the whole period it spent 57% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Friends of Woburn Travel Basketball sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Sandwich Soccer Club Corporation ($81k), Regents of the University of Minnesota ($81k) and Jefferson County Area 4-H Council Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 69% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.