Friends of the Wadena Golf Course

Analysis

Friends of the Wadena Golf Course is a registered charity in United States, based in Wadena, MN. It received its IRS tax-exemption ruling in June 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Wadena Golf Course reported income of $101k and spending of $119k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $101k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of the Wadena Golf Course sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Miracle League of Harford County ($101k), Pirates Fastpitch ($101k) and Box State Bad Boys ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,759 against liabilities of $20k, net assets of -$18k.