Grand Rapids Whitewater Inc

Analysis

Grand Rapids Whitewater Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2010, 16 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, Grand Rapids Whitewater Inc reported income of $248k and spending of $781k, spending 315% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.6m to $248k (-97%), an average of -58% a year. The sharpest change came in the year to December 2020, when income dropped by 84%. Over the whole period it spent 51% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grand Rapids Whitewater Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Little League Baseball Inc ($248k), Holliston Youth Soccer Association ($248k) and Salmon Hockey Association Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $185k (24% of expenses). Other salaries and wages came to $135k. At year end it held assets of $7.1m against liabilities of $963k, net assets of $6.2m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.