Minnesota USA Wrestling Inc

Analysis

Minnesota USA Wrestling Inc is a registered charity in United States, based in Anoka, MN. It received its IRS tax-exemption ruling in May 1979, 47 years ago. 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 August 2023, Minnesota USA Wrestling Inc reported income of $687k and spending of $633k, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $649k to $687k (+5.9%), an average of +1.5% a year. The sharpest change came in the year to August 2021, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota USA Wrestling Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Penfield Symphony Orchestra Inc ($687k), Educational Foundation of Alfred Inc ($687k) and State Chamber Research Foundation Oklahoma 21st Century ($687k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 95% of the total. Other salaries and wages came to $97k. At year end it held assets of $686k against liabilities of $70, net assets of $686k. It reported 5 employees.