Nadadores of South Florida Inc

Analysis

Nadadores of South Florida Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2002, 24 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, Nadadores of South Florida Inc reported income of $53k and spending of $37k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $53k (+173%), an average of +173% a year. The sharpest change came in the year to December 2023, when income rose by 173%. 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, Nadadores of South Florida Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include Lehigh Township Athletic Associaton ($53k), Snow Bounders Inc ($53k) and GHS Boys Lax Booster Club ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.