Charlottesville Wrestling Club Inc

Analysis

Charlottesville Wrestling Club Inc is a registered charity in United States, based in Palmyra, VA. It received its IRS tax-exemption ruling in May 2003, 23 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, Charlottesville Wrestling Club Inc reported income of $189k and spending of $164k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $254k to $189k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charlottesville Wrestling Club Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Maple Grove Youth Lacrosse Association ($189k), Ashwaubenon Youth Baseball Organization ($189k) and National Collegiate Acrobatics and Tumbling Association ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 9.6% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.