North Texas Thunder Water Polo

Analysis

North Texas Thunder Water Polo is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in May 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Texas Thunder Water Polo reported income of $602k and spending of $566k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $456k to $602k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Texas Thunder Water Polo sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Norwalk River Rowing Association ($601k), National Field Hockey Coaches Association Inc ($602k) and Freedom Waters Foundation Inc ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $36k (6.3% of expenses). Other salaries and wages came to $133k. At year end it held assets of $160k against liabilities of $0, net assets of $160k. It reported 26 employees.