Gig Harbor Canoe Kayak Racing Team

Analysis

Gig Harbor Canoe Kayak Racing Team is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in August 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gig Harbor Canoe Kayak Racing Team reported income of $363k and spending of $377k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $363k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gig Harbor Canoe Kayak Racing Team 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 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Bi-County Service Inc ($363k), Youth As Resources Inc ($363k) and Association for Learning and Mentoring Services Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 5.5% of the total. Other salaries and wages came to $125k. At year end it held assets of $156k against liabilities of $46k, net assets of $110k. It reported 17 employees.