Eden Prairie Foxjet Swim Team

Analysis

Eden Prairie Foxjet Swim Team is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in March 1979, 47 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 August 2023, Eden Prairie Foxjet Swim Team reported income of $996k and spending of $1.0m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $896k to $996k (+11%), an average of +2.7% a year. The sharpest change came in the year to August 2022, when income rose by 77%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eden Prairie Foxjet Swim Team sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Veteran Business Project Inc ($995k), Sacramento Cultural & Linguistic Center SCLC ($996k) and St Mary Council on Aging Inc ($995k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $110k (11% of expenses). Other salaries and wages came to $291k. At year end it held assets of $313k against liabilities of $53k, net assets of $260k. It reported 33 employees.