Barracuda Aquatics Club

Analysis

Barracuda Aquatics Club is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in March 1995, 31 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 August 2023, Barracuda Aquatics Club reported income of $163k and spending of $143k, spending 87% of its income. Across the 3 years on record, from August 2019 to August 2023, income fell from $171k to $163k (-4.6%), an average of -2.3% a year. The sharpest change came in the year to August 2023, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Barracuda Aquatics Club sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Kanaka Ikaika Racing Association ($163k), Milford Community Athletic Association ($163k) and Northern Ice Fastpitch Association ($163k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 15% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.