Matpac Wrestling Club Inc

Analysis

Matpac Wrestling Club Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in July 1998, 28 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, Matpac Wrestling Club Inc reported income of $3.7m and spending of $905k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $3.7m (+1505%), an average of +100% a year. The sharpest change came in the year to December 2020, when income rose by 316%. Over the whole period it spent 23% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Matpac Wrestling Club Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ND. Charities of a similar size with the same main cause include Lafayette Central Park Inc ($3.7m), Palm Springs International Film Society ($3.7m) and Utah Avalanche Girls Soccer Club Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 1.2% of the total. At year end it held assets of $8.1m against liabilities of $393k, net assets of $7.7m. It reported 176 employees.