Farmington Tigersharks Swim Club Inc

Analysis

Farmington Tigersharks Swim Club Inc is a registered charity in United States, based in Farmington, MN. It received its IRS tax-exemption ruling in October 1999, 27 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 2024, Farmington Tigersharks Swim Club Inc reported income of $190k and spending of $182k, spending 96% of its income. Across the 4 years on record, from August 2019 to August 2024, income grew from $180k to $190k (+5.6%), an average of +1.8% a year. The sharpest change came in the year to August 2022, when income dropped by 17%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Farmington Tigersharks Swim Club Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Grand Forks Area Youth Baseball Association Inc ($190k), Guilderland Travel Baseball Inc ($190k) and Temecula Valley In-Line Hockey Association ($190k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $65k against liabilities of $1,947, net assets of $63k.