Darkhorse Wrestling

Analysis

Darkhorse Wrestling is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2018, 8 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, Darkhorse Wrestling reported income of $101k and spending of $103k, spending 102% of its income. Across the 3 years on record, from August 2021 to August 2023, income fell from $161k to $101k (-37%), an average of -21% a year. The sharpest change came in the year to August 2022, when income dropped by 32%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Darkhorse Wrestling 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 35th percentile within NC. Charities of a similar size with the same main cause include Holliston Youth Baseball Softball Inc ($101k), Derosier Foundation ($101k) and Four Points Pop Warner Football & Cheer Associaton ($101k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $6,000 against liabilities of $0, net assets of $6,000.