Lone Oak Sharks Swim Team

Analysis

Lone Oak Sharks Swim Team is a registered charity in United States, based in Nicholasville, KY. It received its IRS tax-exemption ruling in January 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 December 2023, Lone Oak Sharks Swim Team reported income of $79k and spending of $86k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $79k (-8.8%), an average of -8.8% 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, Lone Oak Sharks Swim Team 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 29th percentile within KY. Charities of a similar size with the same main cause include Somerville Branchburg United Youth Football a NJ Nonprofit Corporatio ($79k), Elgin BMX Riders Association ($79k) and Phoenixville Cheerleading Booster Association ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 17% of the total. At year end it held assets of $3,865 against liabilities of $0, net assets of $3,865.