Sedro Woolley Riding & Racing Club

Analysis

Sedro Woolley Riding & Racing Club is a registered charity in United States, based in Sedro Woolley, WA. It received its IRS tax-exemption ruling in July 1946, 80 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 October 2023, Sedro Woolley Riding & Racing Club reported income of $292k and spending of $236k, spending 81% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $171k to $292k (+71%), an average of +71% a year. The sharpest change came in the year to October 2023, when income rose by 71%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sedro Woolley Riding & Racing Club sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Cobb Gymnastic Center Parents Club Inc ($292k), USA Hockey Club of Michigan ($293k) and West Michigan Galaxy ($292k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. At year end it held assets of $226k against liabilities of $0, net assets of $226k.