East Basketball Association Inc

Analysis

East Basketball Association Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in November 2021, 5 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 April 2024, East Basketball Association Inc reported income of $106k and spending of $100k, spending 94% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $105k to $106k (+1.5%), an average of +1.5% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, East Basketball Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Spruce Mountain Educationalfoundation Inc ($106k), Force Athletics ($106k) and El Sereno Stallions Football and Cheer Inc ($106k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 7.1% and program service revenue 85% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.