Wesley Chapel Weddington Athletic Association

Analysis

Wesley Chapel Weddington Athletic Association is a registered charity in United States, based in Waxhaw, NC. It received its IRS tax-exemption ruling in May 1995, 31 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, Wesley Chapel Weddington Athletic Association reported income of $2.3m and spending of $2.0m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.3m (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wesley Chapel Weddington Athletic Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Camp Livingston Inc ($2.3m), St Michaels Community Center Inc ($2.3m) and Long Island Soccer Holdings Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $79k (3.8% of expenses). At year end it held assets of $2.9m against liabilities of $484k, net assets of $2.4m.