Wibca

Analysis

Wibca is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in August 2014, 12 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, Wibca reported income of $153k and spending of $142k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $153k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wibca sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within WA. Charities of a similar size with the same main cause include Ke Allstar Booster Club ($153k), Shining Star Sports Inc ($153k) and Stephanies Miracles in Loving Equine Inc ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 67% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.