Wwc16 Administration Inc

Analysis

Wwc16 Administration Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in October 2023, 3 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, Wwc16 Administration Inc reported income of $1.6m and spending of $2.0m, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $594k to $1.6m (+176%), an average of +176% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wwc16 Administration Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Midlands Fatherhood Coalition ($1.6m), Martin County Agricultural Fair Association Inc ($1.6m) and Ken Jewish Community ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $34k (1.7% of expenses). Other salaries and wages came to $73k. At year end it held assets of $95k against liabilities of $5,573, net assets of $89k. It reported 2 employees.