First Colony Youth Basketball Association

Analysis

First Colony Youth Basketball Association is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 March 2024, First Colony Youth Basketball Association reported income of $56k and spending of $62k, spending 110% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $61k to $56k (-8.4%), an average of -8.4% a year. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, First Colony Youth Basketball Association sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Gaston Young Guns Shooting Sports ($56k), Raider Junior Football League ($56k) and Friends of Scouting Foundation ($56k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.