Red Dragon Swimming Inc

Analysis

Red Dragon Swimming Inc is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in December 2014, 12 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 2023, Red Dragon Swimming Inc reported income of $145k and spending of $137k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $145k (+11%), an average of +11% a year. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Red Dragon Swimming Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Warren Park Youth Baseball League ($145k), Bayside Splash ($145k) and Freeport Parks Foundation ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 25% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.