Wheat Ridge Foundation

Analysis

Wheat Ridge Foundation is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in January 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wheat Ridge Foundation reported income of $133k and spending of $124k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $144k to $133k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wheat Ridge Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within CO. Charities of a similar size with the same main cause include Friends of Salt Springs Park Inc ($133k), South Lyon High School Football Boosters ($133k) and West Seneca Soccer Club ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.6% of the total. At year end it held assets of $371k against liabilities of $0, net assets of $371k.