Waterloo Sports Association

Analysis

Waterloo Sports Association is a registered charity in United States, based in Waterloo, IL. It received its IRS tax-exemption ruling in September 1987, 39 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, Waterloo Sports Association reported income of $264k and spending of $228k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $264k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 196%. 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, Waterloo Sports Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include The Undine Barge Club of Philadelphia ($264k), Bellevue Boys Lacrosse Club ($264k) and Little League of Orchard Park Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 57% of the total. At year end it held assets of $275k against liabilities of $21k, net assets of $255k.