Terrapin Wrestling Club Inc
Terrapin Wrestling Club shows strong revenue growth and financial stability with no reported officer compensation.
EIN: 208397764 · Brookeville, MD · NTEE: N70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $193K |
| Total Expenses | $188K |
| Program Spending | 85% |
| Net Assets | $81K |
| Transparency Score | 90/100 |
Is Terrapin Wrestling Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Terrapin Wrestling Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Terrapin Wrestling Club Inc
Terrapin Wrestling Club Inc (EIN: 208397764) is a nonprofit organization based in Brookeville, MD, classified under NTEE code N70. The organization reported total revenue of $193K and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Terrapin Wrestling Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Terrapin Wrestling Club Inc is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $188K |
| Surplus / Deficit | +$29K |
| Total Assets | $81K |
| Net Assets | $81K |
| Operating Margin | 13.6% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2023, Terrapin Wrestling Club Inc reported a surplus of $29K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate).
Financial Trends
Over 10 years of filings (2014–2023), Terrapin Wrestling Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +147.8% | +44.2% | +57.5% |
| 2022 | -8.0% | +22.4% | -45.3% |
| 2021 | +0.7% | +229.4% | -10.6% |
| 2020 | +55.1% | -0.5% | +146.2% |
| 2019 | +77.7% | +32.0% | +202.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Terrapin Wrestling Club Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Terrapin Wrestling Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
Executive Compensation Analysis
Terrapin Wrestling Club Inc reports 0% officer compensation across all ten filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which significantly reduces administrative overhead for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Terrapin Wrestling Club Inc:
- Consistent revenue growth, particularly in recent years (e.g., $217,114 in 2023 vs. $34,314 in 2018).
- Zero reported officer compensation across all filings, indicating efficient operations and potentially volunteer leadership.
- No reported liabilities, demonstrating strong financial stability and responsible debt management.
- Consistent increase in assets over time, from $4,317 in 2017 to $80,767 in 2023, building organizational capacity.
- Regular and consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Terrapin Wrestling Club Inc
Is Terrapin Wrestling Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Terrapin Wrestling Club Inc (EIN: 208397764) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Terrapin Wrestling Club Inc spend its money?
Terrapin Wrestling Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Terrapin Wrestling Club Inc tax-deductible?
Terrapin Wrestling Club Inc is registered as a tax-exempt nonprofit (EIN: 208397764). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Terrapin Wrestling Club Inc's spending goes to programs?
Terrapin Wrestling Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Terrapin Wrestling Club Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Terrapin Wrestling Club Inc is above average for NTEE category N70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Terrapin Wrestling Club Inc located?
Terrapin Wrestling Club Inc is headquartered in Brookeville, Maryland and files with the IRS under EIN 208397764. It is classified under NTEE code N70.
How many years of IRS 990 filings does Terrapin Wrestling Club Inc have?
Terrapin Wrestling Club Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $193K in total revenue.
Is Terrapin Wrestling Club Inc a good charity?
Based on the available IRS 990 data, Terrapin Wrestling Club Inc appears to be a well-managed organization. It demonstrates strong financial health, particularly in recent years, with growing revenue and assets, and no reported liabilities or officer compensation. This suggests efficient use of funds and a strong program focus.
How has Terrapin Wrestling Club Inc's revenue changed over time?
Terrapin Wrestling Club Inc has experienced significant revenue growth, increasing from $34,314 in 2018 to $217,114 in 2023, indicating expanding support and activities.
Does Terrapin Wrestling Club Inc have any debt?
No, the organization consistently reports $0 in liabilities across all ten available IRS 990 filings, indicating a debt-free financial position.
Filing History
IRS 990 filing history for Terrapin Wrestling Club Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Terrapin Wrestling Club Inc's revenue has grown by 148%, moving from $88K to $217K. Total assets increased by 85.3% over the same period, from $44K to $81K. Total functional expenses rose by 128.7%, from $82K to $188K. In its most recent filing year (2023), Terrapin Wrestling Club Inc reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $217K | $188K | $81K | $0 | — | — |
| 2022 | $88K | $130K | $51K | $0 | — | View 990 |
| 2021 | $95K | $106K | $94K | $0 | — | View 990 |
| 2020 | $95K | $32K | $105K | $0 | — | View 990 |
| 2019 | $61K | $32K | $43K | $0 | — | — |
| 2018 | $34K | $25K | $14K | $0 | — | View 990 |
| 2017 | $33K | $50K | $4K | $0 | — | View 990 |
| 2016 | $27K | $54K | $21K | $0 | — | View 990 |
| 2015 | $64K | $60K | $47K | $0 | — | View 990 |
| 2014 | $88K | $82K | $44K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $217K, expenses of $188K, and assets of $81K (revenue +147.8% year-over-year).
- 2022: Revenue of $88K, expenses of $130K, and assets of $51K (revenue -8.0% year-over-year).
- 2021: Revenue of $95K, expenses of $106K, and assets of $94K (revenue +0.7% year-over-year).
- 2020: Revenue of $95K, expenses of $32K, and assets of $105K (revenue +55.1% year-over-year).
- 2019: Revenue of $61K, expenses of $32K, and assets of $43K (revenue +77.7% year-over-year).
- 2018: Revenue of $34K, expenses of $25K, and assets of $14K (revenue +4.2% year-over-year).
- 2017: Revenue of $33K, expenses of $50K, and assets of $4K (revenue +20.6% year-over-year).
- 2016: Revenue of $27K, expenses of $54K, and assets of $21K (revenue -57.3% year-over-year).
- 2015: Revenue of $64K, expenses of $60K, and assets of $47K (revenue -27.0% year-over-year).
- 2014: Revenue of $88K, expenses of $82K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Terrapin Wrestling Club Inc:
Data Sources and Methodology
This transparency report for Terrapin Wrestling Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.