Siouxland Sharks Swimming Club

Analysis

Siouxland Sharks Swimming Club is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in August 2016, 10 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 December 2023, Siouxland Sharks Swimming Club reported income of $100k and spending of $100k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $115k to $100k (-13%), an average of -13% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Siouxland Sharks Swimming Club sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within IA. Charities of a similar size with the same main cause include Sky Farm Center ($100k), Little League Baseball Inc ($100k) and Wounded Warriors United-Minnesota ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $53k against liabilities of $11k, net assets of $42k.