Friends of Wabun

Analysis

Friends of Wabun is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in July 2015, 11 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 Wabun reported income of $311k and spending of $300k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $209k to $311k (+48%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 76% 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 Wabun sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include Michigan Thunder FC ($311k), Wellesley Youth Baseball & Softball Inc ($311k) and Valley Stream Soccer Club ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $52k (17% of expenses). Other salaries and wages came to $2,402. It paid $76k in professional fundraising fees. At year end it held assets of $429k against liabilities of $0, net assets of $429k. It reported 3 employees.