Terrapins Swim Team

Analysis

Terrapins Swim Team is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in July 1992, 34 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, Terrapins Swim Team reported income of $794k and spending of $787k, spending 99% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $500k to $794k (+59%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terrapins Swim Team sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Langdon Day Care Center Inc ($794k), Hoike-Kauai Community Television Inc ($794k) and Max Higbee Community Recreation Center ($794k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 1.5% and program service revenue 93% of the total. Other salaries and wages came to $461k. At year end it held assets of $377k against liabilities of $0, net assets of $377k. It reported 10 employees.