Wells Sports Complex Inc

Analysis

Wells Sports Complex Inc is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wells Sports Complex Inc reported income of $326k and spending of $242k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $214k to $326k (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wells Sports Complex Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Northeast Ohio Basketball Association ($326k), Home Field Group Inc ($326k) and Golden Isles Leadership Foundation Inc ($326k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $806k against liabilities of $941, net assets of $805k. It reported 4 employees.