South East Metro Sharks Swim Club

Analysis

South East Metro Sharks Swim Club is a registered charity in United States, based in Woodbury, MN. It received its IRS tax-exemption ruling in May 1983, 43 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 2024, South East Metro Sharks Swim Club reported income of $619k and spending of $624k, spending 101% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $340k to $619k (+82%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South East Metro Sharks Swim Club sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Project Vetrelief Inc ($619k), Mercy Housing California Senior Properties ($619k) and North Canton Medical Foundation ($619k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $85k (14% of expenses). Other salaries and wages came to $150k. At year end it held assets of $458k against liabilities of $175k, net assets of $283k. It reported 13 employees.