Willmar Aquatic Racing Stingrays

Analysis

Willmar Aquatic Racing Stingrays is a registered charity in United States, based in Prinsburg, MN. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Willmar Aquatic Racing Stingrays reported income of $63k and spending of $69k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $63k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 110% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Willmar Aquatic Racing Stingrays sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Lambert Sanctuaries ($63k), Valley Youth Hunter Education Challenge Inc ($63k) and Monroe Sports Association Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 18% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.