Coon Rapids Mat Bandits Wrestling Club

Analysis

Coon Rapids Mat Bandits Wrestling Club is a registered charity in United States, based in Coon Rapids, MN. It received its IRS tax-exemption ruling in September 2005, 21 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 August 2023, Coon Rapids Mat Bandits Wrestling Club reported income of $445k and spending of $561k, spending 126% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $329k to $445k (+36%), an average of +7.9% a year. The sharpest change came in the year to August 2021, when income rose by 49%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Coon Rapids Mat Bandits Wrestling Club sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Lets Skate ($445k), United States Australian Football League ($446k) and Rio Grande Valley Community Foundation ($445k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 4.0% of the total. At year end it held assets of $2.4m against liabilities of $6,989, net assets of $2.4m. It reported 44 employees.