McFarland Spartan Sharks Inc

Analysis

McFarland Spartan Sharks Inc is a registered charity in United States, based in McFarland, WI. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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, McFarland Spartan Sharks Inc reported income of $298k and spending of $305k, spending 102% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $281k to $298k (+6.1%), an average of +1.2% a year. The sharpest change came in the year to July 2020, when income dropped by 34%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McFarland Spartan Sharks Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within WI. Charities of a similar size with the same main cause include Luverne Hockey Club ($298k), Golden Connections Community Center Inc ($298k) and Ipswich Community Access Media Inc ($298k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 1.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $118k (39% of expenses). Other salaries and wages came to $56k. At year end it held assets of $219k against liabilities of $11k, net assets of $208k. It reported 17 employees.