Geneseo Basketball Association

Analysis

Geneseo Basketball Association is a registered charity in United States, based in Geneseo, IL. It received its IRS tax-exemption ruling in March 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, Geneseo Basketball Association reported income of $64k and spending of $44k, leaving 32% of income unspent that year. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Geneseo Basketball Association sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include Falmouth Youth Baseball League Inc ($64k), Camp Ten Trees ($64k) and D L Youth Wrestling Organization Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.