Marinwood Waterdevils Swim Team

Analysis

Marinwood Waterdevils Swim Team is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Marinwood Waterdevils Swim Team reported income of $139k and spending of $131k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $139k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Marinwood Waterdevils Swim Team sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Pascagoula Dixie Youth Baseball ($139k), Deposits Closet Inc ($139k) and Frederick Heartbreakers Girls Softball ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 63% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.