Hastings Wrestling Club

Analysis

Hastings Wrestling Club is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in September 1994, 32 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, Hastings Wrestling Club reported income of $119k and spending of $104k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $119k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. 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, Hastings Wrestling Club sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Brooklyn Lacrosse Club Inc ($119k), Nampa Swim Team Inc ($119k) and Tamalpais Aquatic Masters ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 30% of the total. At year end it held assets of $134k against liabilities of $1,407, net assets of $133k.