Stoughton Aqua Racers

Analysis

Stoughton Aqua Racers is a registered charity in United States, based in Stoughton, WI. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stoughton Aqua Racers reported income of $81k and spending of $75k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $81k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. 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, Stoughton Aqua Racers sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within WI. Charities of a similar size with the same main cause include Team Acrotex Scholarship & Training Fund ($81k), Plainfield Midget Football Association Inc ($81k) and Gatlinburg Sportsmans Club ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 20% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.