Magic Valley Marlins Swim Team Inc

Analysis

Magic Valley Marlins Swim Team Inc is a registered charity in United States, based in Twin Falls, ID. It received its IRS tax-exemption ruling in July 1994, 32 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, Magic Valley Marlins Swim Team Inc reported income of $77k and spending of $94k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $77k (-14%), an average of -14% a year. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Magic Valley Marlins Swim Team Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within ID. Charities of a similar size with the same main cause include Little All-American Football Association ($77k), DGCC Mga Foundation Inc ($77k) and Binghamton Figure Skating Club ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $18k against liabilities of $1,793, net assets of $16k.