Four Corners Aquatic Teams of Farmington Inc

Analysis

Four Corners Aquatic Teams of Farmington Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in July 2017, 9 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 2024, Four Corners Aquatic Teams of Farmington Inc reported income of $84k and spending of $79k, spending 94% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $46k to $84k (+80%), an average of +16% a year. The sharpest change came in the year to August 2024, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Four Corners Aquatic Teams of Farmington Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 28th percentile within NM. Charities of a similar size with the same main cause include Midwest Premier League ($84k), US Lacrosse Inc ($84k) and Greenfield Baseball Association ($84k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 46% and program service revenue 23% of the total. Other salaries and wages came to $11k. At year end it held assets of $18k against liabilities of $647, net assets of $18k. It reported 2 employees.