Wasabi Paddling Club

Analysis

Wasabi Paddling Club is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1999, 27 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, Wasabi Paddling Club reported income of $97k and spending of $57k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $97k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 63% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wasabi Paddling Club sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OR. Charities of a similar size with the same main cause include Cortlandt Community Rowing Association ($97k), Lighthouse Charities Inc ($97k) and Bavarian Sports Club of Toledo Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.6% of the total. At year end it held assets of $408k against liabilities of $0, net assets of $408k.