Wasatch Adaptive Sports Inc

Analysis

Wasatch Adaptive Sports Inc is a registered charity in United States, based in Snowbird, UT. It received its IRS tax-exemption ruling in April 1983, 43 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wasatch Adaptive Sports Inc reported income of $1.6m and spending of $1.4m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.6m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wasatch Adaptive Sports Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within UT. Charities of a similar size with the same main cause include Montessori Elementary School ($1.6m), North Shore Heritage Associates Inc ($1.6m) and Arc of Illinois ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $127k (9.3% of expenses). Other salaries and wages came to $656k. At year end it held assets of $2.2m against liabilities of $232k, net assets of $2.0m. It reported 43 employees.