Farmington Wrestling

Analysis

Farmington Wrestling is a registered charity in United States, based in Farmington, MN. It received its IRS tax-exemption ruling in September 2014, 12 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, Farmington Wrestling reported income of $59k and spending of $62k, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $12k to $59k (+409%), an average of +50% a year. The sharpest change came in the year to August 2021, when income rose by 849%. Over the whole period it spent 150% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Farmington Wrestling sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Allouez Bucaneers Football Club Inc ($59k), West Bend Youth Football Organization Inc ($59k) and Little League Baseball Inc ($59k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.0% and program service revenue 59% of the total. Other salaries and wages came to $22k. At year end it held assets of $54k against liabilities of $0, net assets of $54k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.