Tigersharks Swim Club Boosters

Analysis

Tigersharks Swim Club Boosters is a registered charity in United States, based in Cuyahoga FLS, OH. It received its IRS tax-exemption ruling in December 2017, 9 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, Tigersharks Swim Club Boosters reported income of $80k and spending of $93k, spending 116% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $78k to $80k (+3.4%), an average of +3.4% a year. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tigersharks Swim Club Boosters sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Crowhaven Apartments Inc ($80k), Victoria Dancers Booster Club ($80k) and Salina Kids Wrestling Club ($80k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $15k against liabilities of $4,360, net assets of $11k.