Jonesboro Jets Swim Team Inc

Analysis

Jonesboro Jets Swim Team Inc is a registered charity in United States, based in Jonesboro, AR. It received its IRS tax-exemption ruling in April 1994, 32 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 2023, Jonesboro Jets Swim Team Inc reported income of $189k and spending of $168k, spending 89% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $172k to $189k (+9.7%), an average of +9.7% a year. 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, Jonesboro Jets Swim Team Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AR. Charities of a similar size with the same main cause include Timberville Volunteer Fire Department Incorporated ($189k), Chesterfield-Colonial Heights Alliance for Social Ministry ($189k) and Gratwick Hose Co Inc ($189k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 0.9% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.