Bridgeland Barracudas Swim Team

Analysis

Bridgeland Barracudas Swim Team is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in February 2010, 16 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 2022, Bridgeland Barracudas Swim Team reported income of $73k and spending of $75k, spending 103% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $58k to $73k (+27%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 27%. 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, Bridgeland Barracudas Swim Team sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Saxonburg Spartans ($73k), Pope Hartford Designated Fund Inc ($73k) and Western Howard County Soccer Inc ($73k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 24% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.