Waconia Basketball Association Inc
EIN: 651214998 · Waconia, MN · NTEE: N62
| Metric | Value |
|---|---|
| Total Revenue | $344K |
| Total Expenses | $263K |
| Net Assets | $194K |
Is Waconia Basketball Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Waconia Basketball Association Inc
Waconia Basketball Association Inc (EIN: 651214998) is a nonprofit organization based in Waconia, MN, classified under NTEE code N62. The organization reported total revenue of $344K and total assets of $226K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waconia Basketball Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waconia Basketball Association Inc is a small nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2018–2024). Revenue has grown at a compound annual rate of 19.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $251K |
| Total Expenses | $263K |
| Surplus / Deficit | $-11,987 |
| Total Assets | $194K |
| Net Assets | $194K |
| Operating Margin | -4.8% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2024, Waconia Basketball Association Inc reported a deficit of $12K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2018–2024), Waconia Basketball Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -6.5% | +3.2% | -5.8% |
| 2023 | +7.5% | +25.5% | +7.0% |
| 2022 | +79.5% | +20.4% | +31.8% |
| 2021 | -21.0% | +1.7% | -16.8% |
| 2020 | -9.0% | +2.4% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Waconia Basketball Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Waconia Basketball Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
Frequently Asked Questions about Waconia Basketball Association Inc
Is Waconia Basketball Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waconia Basketball Association Inc (EIN: 651214998) insufficient data. 0 red flags identified, 0 strengths noted.
How does Waconia Basketball Association Inc spend its money?
Detailed spending breakdown data is not yet available for Waconia Basketball Association Inc. Check back for updated IRS 990 analysis.
Are donations to Waconia Basketball Association Inc tax-deductible?
Waconia Basketball Association Inc is registered as a tax-exempt nonprofit (EIN: 651214998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Waconia Basketball Association Inc located?
Waconia Basketball Association Inc is headquartered in Waconia, Minnesota and files with the IRS under EIN 651214998. It is classified under NTEE code N62.
How many years of IRS 990 filings does Waconia Basketball Association Inc have?
Waconia Basketball Association Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $344K in total revenue.
Filing History
IRS 990 filing history for Waconia Basketball Association Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2018–2024), Waconia Basketball Association Inc's revenue has grown by 195.6%, moving from $85K to $251K. Total assets increased by 44.9% over the same period, from $134K to $194K. Total functional expenses rose by 194.1%, from $89K to $263K. In its most recent filing year (2024), Waconia Basketball Association Inc reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $251K | $263K | $194K | $0 | — | View 990 |
| 2023 | $268K | $255K | $206K | $0 | — | — |
| 2022 | $249K | $203K | $192K | $0 | — | View 990 |
| 2021 | $139K | $169K | $146K | $0 | — | — |
| 2020 | $176K | $166K | $175K | $0 | — | View 990 |
| 2019 | $193K | $162K | $165K | $0 | — | View 990 |
| 2018 | $85K | $89K | $134K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $251K, expenses of $263K, and assets of $194K (revenue -6.5% year-over-year).
- 2023: Revenue of $268K, expenses of $255K, and assets of $206K (revenue +7.5% year-over-year).
- 2022: Revenue of $249K, expenses of $203K, and assets of $192K (revenue +79.5% year-over-year).
- 2021: Revenue of $139K, expenses of $169K, and assets of $146K (revenue -21.0% year-over-year).
- 2020: Revenue of $176K, expenses of $166K, and assets of $175K (revenue -9.0% year-over-year).
- 2019: Revenue of $193K, expenses of $162K, and assets of $165K (revenue +127.7% year-over-year).
- 2018: Revenue of $85K, expenses of $89K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waconia Basketball Association Inc:
Data Sources and Methodology
This transparency report for Waconia Basketball Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.