Hurricane Swim Team

Analysis

Hurricane Swim Team is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2023, 3 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 2023, Hurricane Swim Team reported income of $59k and spending of $55k, spending 92% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $60k to $59k (-1.3%), an average of -1.3% a year. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hurricane Swim Team sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Franklin Lacrosse Club ($59k), Friends of Conway Recreation Inc ($59k) and Little League Baseball Inc ($59k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 2.2% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.