Washington Athletic Club

Analysis

Washington Athletic Club is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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 June 2024, Washington Athletic Club reported income of $76k and spending of $69k, spending 91% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $51k to $76k (+49%), an average of +49% a year. The sharpest change came in the year to June 2024, when income rose by 49%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Athletic Club sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within IA. Charities of a similar size with the same main cause include Dante Alighieri Soc of Washington ($76k), Tau Omega Charitable Trust Fund ($76k) and Mana de Metro Detroit ($76k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 19% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.