Peninsula Wrestling Association Inc

Analysis

Peninsula Wrestling Association Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in August 1981, 45 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 August 2023, Peninsula Wrestling Association Inc reported income of $97k and spending of $96k, spending 99% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $63k to $97k (+54%), an average of +54% a year. The sharpest change came in the year to August 2023, when income rose by 54%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peninsula Wrestling Association Inc 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 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Salem Rescue Squad Inc ($97k), PTA California Congress of Parents Teachers & Students Inc ($97k) and PTA California Congress of Parents Teachers & Students Inc ($97k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.