The US Amateur Weightlifting Foundation

Analysis

The US Amateur Weightlifting Foundation is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in July 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The US Amateur Weightlifting Foundation reported income of $266k and spending of $355k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $266k (+269%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The US Amateur Weightlifting Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Evergreen Pre-School Inc ($266k), The Marbridge Foundation Assistance Trust ($266k) and Ptsa Connecticut Congress ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. It paid $88k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $6,959, net assets of $1.8m.