Sharon Travel Basketball Association

Analysis

Sharon Travel Basketball Association is a registered charity in United States, based in Sharon, MA. It received its IRS tax-exemption ruling in January 2015, 11 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 2023, Sharon Travel Basketball Association reported income of $75k and spending of $88k, spending 118% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $65k to $75k (+15%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sharon Travel Basketball Association sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include South Plainfield Parents Ponytail Association Inc ($75k), Alameda World Tournament Baseball Inc ($75k) and South Plains Girls Fastpitch Inc ($75k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.