Wasatch Freestyle Foundation Inc

Analysis

Wasatch Freestyle Foundation Inc is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in July 1995, 31 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, Wasatch Freestyle Foundation Inc reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $665k to $1.1m (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wasatch Freestyle Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within UT. Charities of a similar size with the same main cause include Interscholastic Athletic Conference Inc ($1.1m), FC Sarasota Inc ($1.1m) and Friends of Camp Soles Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $60k (5.9% of expenses). At year end it held assets of $535k against liabilities of $22k, net assets of $512k.