Boulder Poseidons Swim Team

Analysis

Boulder Poseidons Swim Team is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in March 1999, 27 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, Boulder Poseidons Swim Team reported income of $254k and spending of $271k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $232k to $254k (+9.8%), an average of +4.8% a year. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Boulder Poseidons Swim Team sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 55th percentile within CO. Charities of a similar size with the same main cause include Laredo Heat Youth Soccer ($254k), Wakefield Wolverine Athletics Booster Club ($254k) and Marathon County Youth Hockey Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $51k. At year end it held assets of $11k against liabilities of $14k, net assets of -$3,347.