Whaler Nation Inc

Analysis

Whaler Nation Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in October 2008, 18 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 July 2023, Whaler Nation Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $946k to $1.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to July 2021, when income rose by 80%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Whaler Nation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Galloway Baseball Club ($1.3m), Franklin County Agricultural Society ($1.3m) and Colorado Soccer Foundation ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. At year end it held assets of $538k against liabilities of $86k, net assets of $452k.