Tsunami Swim Team of Kansas City Inc

Analysis

Tsunami Swim Team of Kansas City Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 2005, 21 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, Tsunami Swim Team of Kansas City Inc reported income of $480k and spending of $461k, spending 96% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $232k to $480k (+107%), an average of +28% a year. The sharpest change came in the year to August 2022, when income rose by 48%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tsunami Swim Team of Kansas City Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within MO. Charities of a similar size with the same main cause include Plymouth County 4-H and Agricultural Society ($480k), Rampage Youth Organization ($481k) and Mebane Youth Soccer Association ($480k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 60% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $68k (15% of expenses). Other salaries and wages came to $80k. At year end it held assets of $70k against liabilities of $2,065, net assets of $68k. It reported 10 employees.