Wavetrain Kayak Team Inc

Analysis

Wavetrain Kayak Team Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in September 2001, 25 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, Wavetrain Kayak Team Inc reported income of $108k and spending of $107k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $108k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wavetrain Kayak Team Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within MT. Charities of a similar size with the same main cause include New Franklin Community Association Inc ($108k), Wakefield Youth Football Club Inc ($108k) and Next Level Field Hockey Club ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $23k against liabilities of $2,465, net assets of $21k.