Newton Metrowest Basketball Inc

Analysis

Newton Metrowest Basketball Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in March 2017, 9 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 December 2023, Newton Metrowest Basketball Inc reported income of $156k and spending of $78k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $199k to $156k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newton Metrowest Basketball Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Kalamazoo Curling Club ($156k), Aquanut Water Shows Inc ($156k) and Play Higher Futbol Club Inc ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.