Penn State Wrestling Club

Analysis

Penn State Wrestling Club is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in March 2000, 26 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 April 2023, Penn State Wrestling Club reported income of $264k and spending of $130k, leaving 51% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $212k to $264k (+25%), an average of +7.6% a year. The sharpest change came in the year to April 2022, when income rose by 103%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Penn State Wrestling Club sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Austin Athletic Fellowship ($264k), Canes Baseball Corporation ($264k) and Georgetown Athletic Association Inc ($264k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. At year end it held assets of $238k against liabilities of $0, net assets of $238k.