Wharf to Wharf Race

Analysis

Wharf to Wharf Race is a registered charity in United States, based in Capitola, CA. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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, Wharf to Wharf Race reported income of $1.0m and spending of $483k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $571k to $1.0m (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wharf to Wharf Race sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include New York State Association for Health Physical Education Rec Danc ($1.0m), Messianic Jewish Family Bible Society Inc ($1.0m) and Ozarks Clean Water Company ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $99k (20% of expenses). At year end it held assets of $1.5m against liabilities of $6,520, net assets of $1.5m. It reported 1 employees.