Waconia Wrestling Club

Analysis

Waconia Wrestling Club is a registered charity in United States, based in Waconia, MN. It received its IRS tax-exemption ruling in November 2013, 13 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 December 2023, Waconia Wrestling Club reported income of $87k and spending of $86k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $35k to $87k (+151%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waconia Wrestling Club sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Jefferson Youth Soccer Association Inc ($87k), Last Chance Tennis Association ($87k) and Rutherford County Crimson Tide Youth Football and Cheerleading ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.0% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.