Wakefield Wolverine Athletics Booster Club

Analysis

Wakefield Wolverine Athletics Booster Club is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2021, 5 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 June 2023, Wakefield Wolverine Athletics Booster Club reported income of $254k and spending of $247k, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $143k to $254k (+78%), an average of +78% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wakefield Wolverine Athletics Booster Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Boulder Poseidons Swim Team ($254k), East River Soccer Association Inc ($254k) and Laredo Heat Youth Soccer ($254k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.