Newtown Youth Basketball Association

Analysis

Newtown Youth Basketball Association is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in March 2005, 21 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 August 2024, Newtown Youth Basketball Association reported income of $296k and spending of $302k, spending 102% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $207k to $296k (+43%), an average of +9.3% a year. The sharpest change came in the year to August 2022, when income rose by 176%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newtown Youth Basketball Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Laguna Beach Aquatics Foundation Inc ($296k), Howell Area Junior Baseball Assoc Inc ($296k) and Oregon Dressage Society Inc ($296k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.