Soldotna Whalers Wrestling Club

Analysis

Soldotna Whalers Wrestling Club is a registered charity in United States, based in Soldotna, AK. It received its IRS tax-exemption ruling in December 2015, 11 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, Soldotna Whalers Wrestling Club reported income of $76k and spending of $75k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $124k to $76k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soldotna Whalers Wrestling Club sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within AK. Charities of a similar size with the same main cause include Morgantown Baseball League ($76k), Rio Rancho Rams Boys Basketball Inc ($76k) and McKinney High School Basketball Booster Club ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.