Friends of Massapequa Wrestling Inc

Analysis

Friends of Massapequa Wrestling Inc is a registered charity in United States, based in Massapequa, NY. It received its IRS tax-exemption ruling in November 2009, 17 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 August 2023, Friends of Massapequa Wrestling Inc reported income of $58k and spending of $42k, leaving 28% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $58k to $58k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Massapequa Wrestling Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Germantown Baseball Club ($58k), North Orange County Youth Soccer Premier League Inc ($58k) and Eaton Rapids Youth Soccer ($58k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $34k against liabilities of $1,650, net assets of $32k.