Hammerhead Swim Club

Analysis

Hammerhead Swim Club is a registered charity in United States, based in Harbor SPGS, MI. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2024, Hammerhead Swim Club reported income of $76k and spending of $60k, leaving 21% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income grew from $63k to $76k (+21%), an average of +21% a year. The sharpest change came in the year to July 2024, when income rose by 21%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hammerhead Swim Club 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 30th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include Operation Reach ($76k), Junior League of Boca Raton Endowment Fund Inc ($76k) and Herriman Cycling Club ($76k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 8.6% and program service revenue 76% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.