Waxhaw Athletic Association

Analysis

Waxhaw Athletic Association is a registered charity in United States, based in Waxhaw, NC. It received its IRS tax-exemption ruling in January 2002, 24 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, Waxhaw Athletic Association reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $665k to $1.4m (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waxhaw Athletic Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Latrobe-Glsd Parks & Recreation Commission ($1.4m), Camp Holiday Trails Inc ($1.4m) and Israel Lacrosse Association Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. At year end it held assets of $755k against liabilities of $106k, net assets of $649k.