Waconia Basketball Association Inc

Analysis

Waconia Basketball Association Inc is a registered charity in United States, based in Waconia, MN. It received its IRS tax-exemption ruling in April 2018, 8 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, Waconia Basketball Association Inc reported income of $251k and spending of $263k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $193k to $251k (+30%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waconia Basketball Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Pacific NW Fury ($251k), Milpitas Police Activities League Inc ($251k) and Cypress Gardens Water Ski Team Inc ($251k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 87% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.