Poway Wrestling Foundation

Analysis

Poway Wrestling Foundation is a registered charity in United States, based in Poway, CA. It received its IRS tax-exemption ruling in February 2001, 25 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 August 2023, Poway Wrestling Foundation reported income of $230k and spending of $204k, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $265k to $230k (-13%), an average of -3.5% a year. The sharpest change came in the year to August 2022, when income rose by 54%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Poway Wrestling Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Elite Athletic Cheer ($230k), Dive Lab ($230k) and TC Figure Skating Club Inc ($230k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.