Headwaters Wrestling Academy

Analysis

Headwaters Wrestling Academy is a registered charity in United States, based in Three Forks, MT. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Headwaters Wrestling Academy reported income of $77k and spending of $75k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $77k (+4.3%), an average of +4.3% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Headwaters Wrestling Academy sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MT. Charities of a similar size with the same main cause include Fondy Swim Club Inc ($77k), Fighting Angels Volleyball Club ($77k) and Foster City Tournament Baseball Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.