Why Not Now Inc

Analysis

Why Not Now Inc is a registered charity in United States, based in Farmington, IL. It received its IRS tax-exemption ruling in October 2000, 26 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, Why Not Now Inc reported income of $213k and spending of $232k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $229k to $213k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Why Not Now Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Neuqua Valley Hockey Club ($213k), Healdsburg Prune Packers Baseball Club Inc ($213k) and Sturgis Soccer Association Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $60k (26% of expenses). Other salaries and wages came to $57k. At year end it held assets of $698k against liabilities of $14k, net assets of $684k. It reported 5 employees.