Wincity Basketball Association

Analysis

Wincity Basketball Association is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in September 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 December 2023, Wincity Basketball Association reported income of $167k and spending of $123k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $167k (+138%), an average of +138% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wincity Basketball Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Alpena County Fair Society ($167k), Snohomish Shock ($167k) and Pittsford Panthers Baseball Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 24% of the total. At year end it held assets of $113k against liabilities of $8,732, net assets of $104k.