Poulsbo Piranhas Swim Team Booster Club

Analysis

Poulsbo Piranhas Swim Team Booster Club is a registered charity in United States, based in Poulsbo, WA. It received its IRS tax-exemption ruling in January 2008, 18 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 August 2023, Poulsbo Piranhas Swim Team Booster Club reported income of $128k and spending of $137k, spending 107% of what it took in. Across the 3 years on record, from August 2019 to August 2023, income fell from $231k to $128k (-44%), an average of -26% a year. The sharpest change came in the year to August 2022, when income dropped by 57%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Poulsbo Piranhas Swim Team Booster Club sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within WA. Charities of a similar size with the same main cause include Redlands Junior All American Football Inc ($128k), North Jeffco Tennis Club ($128k) and Weston Basketball Association Inc ($128k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 4.9% and program service revenue 23% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.