Syracuse Basketball Association

Analysis

Syracuse Basketball Association is a registered charity in United States, based in Syracuse, NE. It received its IRS tax-exemption ruling in June 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, Syracuse Basketball Association reported income of $63k and spending of $57k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $63k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 64% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Syracuse Basketball Association sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within NE. Charities of a similar size with the same main cause include Bitterroot Bucs American Legion Baseball Team ($63k), Coconut Creek Little League Baseball Club Inc ($63k) and Lake Michigan Sail Racing Federation Inc ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.