Bears Wrestling Club Inc

Analysis

Bears Wrestling Club Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2019, 7 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, Bears Wrestling Club Inc reported income of $146k and spending of $164k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $146k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bears Wrestling Club Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within RI. Charities of a similar size with the same main cause include Arizona Gymnastics Foundation Inc ($146k), Bismark Youth Fastpitch Softball Association ($146k) and Chinook Performance Racing ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $84k against liabilities of $35k, net assets of $49k.