Gainesville District Basketball Associates

Analysis

Gainesville District Basketball Associates is a registered charity in United States, based in Haymarket, VA. It received its IRS tax-exemption ruling in May 2014, 12 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 April 2024, Gainesville District Basketball Associates reported income of $458k and spending of $438k, spending 95% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $367k to $458k (+25%), an average of +5.7% a year. The sharpest change came in the year to April 2022, when income rose by 2419%. 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, Gainesville District Basketball Associates sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Game of Your Life Foundation ($458k), Camp Kita Inc ($458k) and Buenaventura Swim Club ($458k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $73k (17% of expenses). At year end it held assets of $105k against liabilities of $0, net assets of $105k.