New Fairfield Youth Basketball Inc

Analysis

New Fairfield Youth Basketball Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in July 2019, 7 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, New Fairfield Youth Basketball Inc reported income of $115k and spending of $100k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $73k to $115k (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 532%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Fairfield Youth Basketball Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Archbald Athletic an Sportsmens Club ($115k), Little League Baseball Inc ($115k) and Solana Beach Soccer Club Inc ($115k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.