Orono Basketball Association

Analysis

Orono Basketball Association is a registered charity in United States, based in Long Lake, MN. It received its IRS tax-exemption ruling in August 2016, 10 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 June 2024, Orono Basketball Association reported income of $205k and spending of $223k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $212k to $205k (-3.2%), an average of -0.8% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Orono Basketball Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Camp Tuckabatchee Inc ($205k), Oc Smash ($205k) and Red Star Soccer Club ($205k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $33k. At year end it held assets of $38k against liabilities of $93, net assets of $38k. It reported 19 employees.