Framingham Youth Basketball Inc

Analysis

Framingham Youth Basketball Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in January 2023, 3 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, Framingham Youth Basketball Inc reported income of $88k and spending of $92k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $113k to $88k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 862%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Framingham Youth Basketball Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Vermont Mountain Bike Advocate Inc ($88k), Laguna Seca Raceway Fund ($88k) and Northern Virginia Senior Softball Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 93% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.