Hoosier Wrestling Inc

Analysis

Hoosier Wrestling Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in May 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 (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, Hoosier Wrestling Inc reported income of $653k and spending of $449k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $28k to $653k (+2241%), an average of +120% a year. The sharpest change came in the year to December 2021, when income rose by 214%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hoosier Wrestling Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Granite Curling Club of Seattlegr ($652k), Syracuse Youth Golf Inc ($653k) and Mt Olive Soccer Club Inc ($652k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $37k (8.2% of expenses). Other salaries and wages came to $135k. At year end it held assets of $271k against liabilities of -$836, net assets of $272k. It reported 5 employees.