Stoughton Viking Wrestling Club

Analysis

Stoughton Viking Wrestling Club is a registered charity in United States, based in Stoughton, WI. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stoughton Viking Wrestling Club reported income of $63k and spending of $49k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $67k to $63k (-5.3%), an average of -5.3% a year. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Stoughton Viking Wrestling Club sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within WI. Charities of a similar size with the same main cause include Racers Emergency Support Program Inc ($63k), Hance Park Conservancy ($63k) and Wilson Youth Soccer League Ltd ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 59% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.