Barracuda Swim Club of Northeast Tennessee

Analysis

Barracuda Swim Club of Northeast Tennessee is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in September 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, Barracuda Swim Club of Northeast Tennessee reported income of $268k and spending of $238k, spending 89% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $191k to $268k (+40%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Barracuda Swim Club of Northeast Tennessee sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Livingston County Agricultural Fair Association ($268k), Michigan Generals Girls Fastpitch Softball Club ($268k) and Westerville Amateur Soccer Association Inc ($267k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $114k (48% of expenses). Other salaries and wages came to $45k. At year end it held assets of $149k against liabilities of $684, net assets of $148k.