Glasgow Wrestling Club

Analysis

Glasgow Wrestling Club is a registered charity in United States, based in Glasgow, MT. 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 June 2023, Glasgow Wrestling Club reported income of $78k and spending of $74k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $96k to $78k (-18%), an average of -6.6% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 64% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Glasgow Wrestling Club sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MT. Charities of a similar size with the same main cause include WMC Wolfpack Football Club Inc ($78k), Lucas Valley Swim Club ($78k) and Lassen Youth Football League ($78k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 23% of the total. At year end it held assets of $588k against liabilities of $103k, net assets of $485k.