Powhatan Youth Wrestling and Community Development Incorporated

Analysis

Powhatan Youth Wrestling and Community Development Incorporated is a registered charity in United States, based in Powhatan, VA. It received its IRS tax-exemption ruling in August 2012, 14 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, Powhatan Youth Wrestling and Community Development Incorporated reported income of $118k and spending of $106k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $121k to $118k (-2.2%), an average of -2.2% a year. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Powhatan Youth Wrestling and Community Development Incorporated 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 41st percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include Saraland Soccer Academy ($118k), East Fishkill Babe Ruth League Inc ($118k) and The Arvc Foundation Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.5% of the total. At year end it held assets of $99k against liabilities of $18k, net assets of $81k.