Beat the Streets Wrestling Inc

Analysis

Beat the Streets Wrestling Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2006, 20 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 August 2023, Beat the Streets Wrestling Inc reported income of $1.5m and spending of $1.9m, spending 120% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.6m to $1.5m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to August 2020, when income dropped by 42%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Beat the Streets Wrestling Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Pennsylvania State Shotgunning Association ($1.5m), Cranston League for Cranstons Future ($1.5m) and World Tang Soo Do Association ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 68% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $214k (12% of expenses). Other salaries and wages came to $533k. It paid $16k in professional fundraising fees. At year end it held assets of $455k against liabilities of $262k, net assets of $193k. It reported 12 employees.