Franklin Central Wrestling Club Incorporated

Analysis

Franklin Central Wrestling Club Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2022, 4 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, Franklin Central Wrestling Club Incorporated reported income of $63k and spending of $50k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $63k (+111%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Franklin Central Wrestling Club Incorporated sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within IN. Charities of a similar size with the same main cause include Arlington Village Festival ($63k), Los Banos Tiger Trap Team ($63k) and Tates Creek Baseball Booster Club Inc ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $3,995 in professional fundraising fees. At year end it held assets of $19k against liabilities of $0, net assets of $19k.