Needham Metrowest Basketball Inc

Analysis

Needham Metrowest Basketball Inc is a registered charity in United States, based in Needham HGTS, MA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Needham Metrowest Basketball Inc reported income of $134k and spending of $83k, leaving 38% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $136k to $134k (-1.9%), an average of -1.9% a year. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Needham Metrowest Basketball Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Monroe County Education Foundation Inc ($134k), Kearney Competitive Girls Fastpitch Softball Assn ($134k) and Orange Tennis Club Inc ($134k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.